Business
UK opens 'Supers Unit' to chase £99bn from Australian pension funds by 2035
Britain's Department for Business and Trade has launched a dedicated 'Supers Unit' to channel an additional £58 billion of Australian superannuation capital into UK infrastructure, housing, clean energy and innovation projects over the next decade, taking total Australian pension holdings in Britain from roughly £41 billion today to a targeted £99 billion by 2035, as Investment Minister Lord Jason Stockwood tours Sydney, Melbourne, Kuala Lumpur and Singapore in the week of May 11, 2026 to operationalise the memorandum of understanding signed by Chancellor Rachel Reeves and Australian Treasurer Jim Chalmers on the sidelines of the IMF and World Bank spring meetings in Washington on April 16, 2026 — a number that maps closely onto the projection in the October 2025 IFM Investors and Super Members Council 'Bridging the Gap' paper that Australian super assets in the UK will more than double from A$83 billion in mid-2025 to A$203 billion by 2035.
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