Energy generation & networks
Generation projects such as offshore windfarms, solar and tidal. Plus the networks such as electric vehicle charging points.
Accelerating large-scale infrastructure investment
The Investment Delivery Forum brings together the major insurance and long-term savings firms with an interest in large-scale infrastructure investment. The Forum acts as an accelerator helping industry, government and key stakeholders avoid delay and move forward together.
Supporting important infrastructure initiatives
The insurance and long-term savings industry is a major investor in large-scale infrastructure projects. Many are significant green initiatives like wind farms or electric charging networks; that are crucial if we’re to hit our net zero targets.
Others, like the construction of social housing provides affordable homes for those that need them most. Similarly, delivering modern healthcare facilities and care homes will depend on substantial investment over many many years.
The Power of Pensions
Our short animation explains the “power of pensions” in helping the UK grow and tackle climate change. Watch to discover how the insurance and long-term savings industry is investing in large-scale infrastructure projects across the UK.
About the Forum
The Investment Delivery Forum brings together the major insurance and long-term savings firms with an interest in large-scale infrastructure investment. It was formed to help maintain momentum following key regulatory reforms that help unlock capital held by insurers and pension funds that could then be invested in projects.
The Forum has two sub-committees focused on specific types of ‘green and good’ infrastructure investment:
Property and housing
Large-scale housing initiatives which include social, affordable and sustainable buildings.
The founding members
The Forum is chaired by Baroness Nicky Morgan with two sub-committee chairs in Clare Bousfield (former CEO Retail & Saving at M&G) and Mike Eakins (Chief Investment Officer at Phoenix).
It is also supported by an advisory panel:
Andrew Bulley
Chair of Amtrust Europe and former Director of Life Insurance Supervision at the PRA
Gareth Bullock
Chair of the Development Bank of Wales
Dr David Clubb
Chair of the National Infrastructure Commission for Wales
John Flint
CEO of the UK Infrastructure Bank (UKIB)
Lord Grimstone of Boscobel
Former Chairman of Standard Life Aberdeen and of Barclays Bank,
and Minister for Investment between 2020-2022
Lord O’Neill of Gatley
Former Chief Economist to Goldman Sachs and Commercial Secretary to the Treasury between 2015-2016
Catherine McGuinness CBE
NED of the Connected Places Catapult
Willie Watt
Chair of the Scottish National Investment Bank
Stephen Welton CBE
Chair of the British Business Bank
Steven Penketh
Senior Adviser to the CEO of the Green Finance Institute
Aviva has over £3.2 billion invested in major transport projects. This includes providing up to £110 million for Connected Kerb to create 190,000 on-street electric vehicle chargers by 2030.
M&G acquired a majority stake on behalf of its policyholders in sustainable housebuilder Greencore Construction and pledged a further £500 million of investment in UK climate positive homes.
Phoenix Group recently provided £90 million in funding to social housing provider Alliance Homes to help develop around 2,000 affordable properties.
Royal London aims to spend £200-£300 million a year for the next five years on sustainably built healthcare, such as eco-positive care homes.
Rothesay has invested over £2.5 billion in UK infrastructure. This includes £150 million to The Thames Tideway Tunnel, helping to clean up the River Thames, and £100 million to Offshore Transmission Owners to support UK’s offshore wind infrastructure.
Just Group, in partnership with AlphaReal, has invested £350 million in a portfolio of over 100 healthcare facilities providing specialist care for patients with high acuity caring needs, as well as specialist childcare centres, collectively capable of providing care services for approximately 1,800 individuals.
From solar farms to electric buses, Scottish Widows is proud to have invested over £300 million (so far) into developing the infrastructure we need to ensure we can utilise the growing role of renewables in our nation’s energy network.
Project map
The Investment Delivery Forum is directing £100 billion into vital UK infrastructure. Find out about the latest infrastructure projects that are going ahead across the UK.
View map
About Solvency II and Solvency UK
Solvency II (which will become Solvency UK by the end of 2024) is the prudential regulatory regime for insurers and reinsurers in the United Kingdom. Reforms currently in the pipeline are expected to broaden the universe of assets in which insurers can invest; this has the potential to allow £100bn of capital to be channelled into productive investment in the UK – money that would previously have been tied up in less productive assets.
The IDF was formed to ensure that the industry is on the front foot and ready as Solvency UK becomes enshrined in law and the regulatory Rulebook. Through knowledge-sharing, collaboration and research, the Forum will act as a facilitator and catalyst, helping the industry, government and key stakeholders avoid delay and move forward together.
Specifically, the Forum will build a solid understanding of the pipeline of investments, based on the expected wider pool of Matching-Adjustment (MA) eligible assets and the improved processes around MA regulatory approvals expected under Solvency UK. It will act to raise the profile of the industry as crucial investors, highlight other progressive partner initiatives and tell the positive story of investment projects completed, underway or in the pipeline. It will also monitor the industry’s progress towards a target of £100bn capital channelled into productive investment in the UK over the next decade.
Solvency UK will be implemented in stages. It is expected to be fully in force by the end of 2024.
Contact us
For more information or to engage with the Investment Delivery Forum please email [email protected]