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UK Pension Plan to Allocation 3% of Funds to Bitcoin
According to Cointelegraph, British pension expert Cartwright said that an unnamed pension plan has allocated 3% of its funds to Bitcoin.
Cartwright said that after rigorous training and due diligence, the plan decided to invest in Bitcoin because it has a long-term investment horizon. Steve Robinson, head of investment implementation, said that this move will help reduce reliance on employer contributions.
Although no further details were provided, the move reflects that more pension funds are beginning to get involved in cryptocurrency investments. The UK's Legal and General is also considering offering tokenized funds.
Cartwright said that after rigorous training and due diligence, the plan decided to invest in Bitcoin because it has a long-term investment horizon. Steve Robinson, head of investment implementation, said that this move will help reduce reliance on employer contributions.
Although no further details were provided, the move reflects that more pension funds are beginning to get involved in cryptocurrency investments. The UK's Legal and General is also considering offering tokenized funds.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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