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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Let British pension funds back tech scale-ups, urges Legal & General boss Nigel Wilson

Legal & General Nigel Wilson

Legal & General

(Picture: REUTERS)

The boss of savings and investment giant Legal & General wants the Government to overhaul investment rules to make it easier for British pension funds to back fast-growing tech businesses.

Nigel Wilson told the Standard: “If we’re not careful, [investment] will just come from America, from people’s 401Ks [the American savings product]. We would rather it come from UK pensions.”

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