AS 2011: ABI backs infrastructure bonds proposal
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The Association of British Insurers has said it wants to work with the UK Government in developing infrastructure bonds as part of the National Infrastructure Plan.
The ABI says it welcomes the chance to help the UK “fight its way back to growth” through the introduction of the new asset class.
“The bond markets are a huge untapped source of finance and insurers have long been keen to find a way to channel more of the investments they manage into UK projects to help the economy fight its way back to growth.
ABI director general Otto Thoresen says: “However, without action from government we would be fighting with one hand tied behind our backs,”
Thoresen has expressed his support for the introduction of the Insurers’ Infrastructure Investment Forum in order to develop the investment landscape.
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