Emeritus Prof Christopher May on Nostr: Nursing a massive write-down, my pension provider (USS) is warning Labour that it ...

Nursing a massive write-down, my pension provider (USS) is warning Labour that it will be taking a more cautious approach to infrastructure related investments, whatever the 'incentives' offered as part of Labour's plan to expand investment in Britain.

USS are concerned about how regulatory actions (or inactions) would shift the risk of such investment in the future.

Of course, many might argue (given complaints about how USS is run) that they bought the loss on themselves!

#investment
h/t FT