{"id":932453,"date":"2025-10-21T14:20:31","date_gmt":"2025-10-21T14:20:31","guid":{"rendered":"https:\/\/ukpostcode.org\/content\/?p=932453"},"modified":"2025-10-21T14:20:31","modified_gmt":"2025-10-21T14:20:31","slug":"pension-funds-to-invest-billions-in-uk-fintech-startups","status":"publish","type":"post","link":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/","title":{"rendered":"Pension Funds to Invest Billions in UK Fintech Startups"},"content":{"rendered":"<p><a href=\"https:\/\/blog.cfte.education\/fintech-unicorns-in-the-uk-full-list\/?utm_source=chatgpt.com\"><img decoding=\"async\" src=\"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo\" alt=\"FinTech Companies in the UK | Full List 2023 - CFTE\" \/><\/a><\/p>\n<p>In a significant development for the UK&#8217;s fintech sector, a consortium of 20 major pension funds, asset managers, and insurers has committed to investing in the country&#8217;s fintech startups. This initiative is part of the broader &#8220;Sterling 20&#8221; partnership, aimed at channeling capital into high-growth sectors such as artificial intelligence (AI) and fintech, with a focus on regional economic development.<\/p>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#_Investment_Commitments_and_Strategic_Focus\" title=\"\u00a0Investment Commitments and Strategic Focus\">\u00a0Investment Commitments and Strategic Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#_Implications_for_UK_Fintech_Startups\" title=\"\u00a0Implications for UK Fintech Startups\">\u00a0Implications for UK Fintech Startups<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#_Industry_Reactions\" title=\"\u00a0Industry Reactions\">\u00a0Industry Reactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#_Looking_Ahead\" title=\"\u00a0Looking Ahead\">\u00a0Looking Ahead<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#The_Initiative_Mansion_House_Reforms_Compact_and_Accord\" title=\"The Initiative: Mansion House Reforms, Compact, and Accord\">The Initiative: Mansion House Reforms, Compact, and Accord<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#Direct_Government_Support_Initiatives\" title=\"Direct Government Support Initiatives:\">Direct Government Support Initiatives:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#Case_Studies_and_Early_Progress\" title=\"Case Studies and Early Progress\">Case Studies and Early Progress<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#1_Phoenix_Group_and_Schroders_Capital_LIFTS_Initiative10\" title=\"1. Phoenix Group and Schroders Capital (LIFTS Initiative)10\">1. Phoenix Group and Schroders Capital (LIFTS Initiative)10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#2_Nest_Pension_Scheme\" title=\"2. Nest Pension Scheme\">2. Nest Pension Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#3_Mansion_House_Compact_Progress_as_of_late_2025_update\" title=\"3. Mansion House Compact Progress (as of late 2025 update)\">3. Mansion House Compact Progress (as of late 2025 update)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#Comments_and_Commentary\" title=\"Comments and Commentary\">Comments and Commentary<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#Positive_Commentary_The_Proponents\" title=\"Positive Commentary (The Proponents)\">Positive Commentary (The Proponents)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#CautiousCritical_Commentary_The_Challenges\" title=\"Cautious\/Critical Commentary (The Challenges)\">Cautious\/Critical Commentary (The Challenges)<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"_Investment_Commitments_and_Strategic_Focus\"><\/span>\u00a0Investment Commitments and Strategic Focus<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Legal &amp; General<\/strong>: Pledged \u00a32 billion over five years for &#8220;impact&#8221; investments, including fintech startups, housing, and infrastructure projects. (<a title=\"UK Pension Firms Team Up in Push for Infra, AI Investments\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-19\/uk-pension-providers-team-up-in-push-for-infra-ai-investments?utm_source=chatgpt.com\">Bloomberg<\/a>)<\/li>\n<li><strong>Nest<\/strong>: Allocated \u00a3500 million to private equity investments, with \u00a3100 million directed specifically to UK fintech firms through Schroders Capital. (<a title=\"UK pension providers team up in push for infra, AI ...\" href=\"https:\/\/www.businesstimes.com.sg\/international\/uk-pension-providers-team-push-infra-ai-investments?utm_source=chatgpt.com\">The Business Times<\/a>)<\/li>\n<li><strong>Universities Superannuation Scheme (USS)<\/strong>: Joined the initiative, contributing to the collective effort to support fintech innovation. (<a title=\"UK launches 'Sterling 20' club to drum up investment\" href=\"https:\/\/www.reuters.com\/world\/uk\/uk-launches-sterling-20-club-drum-up-investment-2025-10-19\/?utm_source=chatgpt.com\">Reuters<\/a>)<\/li>\n<\/ul>\n<p>These commitments are part of a broader strategy to increase pension fund investments in UK private markets, aiming to raise the current allocation from 0.6% to 5% by 2030. (<a title=\"Reeves to encourage pension firms to team up on Sterling 20 investment push\" href=\"https:\/\/www.ft.com\/content\/0abeb9e6-30e8-4d95-8b14-ae93cb22f0d4?utm_source=chatgpt.com\">Financial Times<\/a>)<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"_Implications_for_UK_Fintech_Startups\"><\/span>\u00a0Implications for UK Fintech Startups<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The influx of pension fund capital into the fintech sector is expected to:<\/p>\n<ul>\n<li><strong>Accelerate Growth<\/strong>: Provide startups with the necessary funding to scale operations and expand market reach.<\/li>\n<li><strong>Enhance Innovation<\/strong>: Enable the development of cutting-edge financial technologies, particularly in areas like AI and digital banking.<\/li>\n<li><strong>Strengthen Ecosystem<\/strong>: Foster a more robust fintech ecosystem, attracting further investments and talent to the sector.<\/li>\n<\/ul>\n<p>This strategic alignment between institutional investors and fintech startups positions the UK as a leading hub for financial innovation.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"_Industry_Reactions\"><\/span>\u00a0Industry Reactions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The initiative has received positive feedback from various stakeholders:<\/p>\n<ul>\n<li><strong>Legal &amp; General<\/strong>: Emphasized the importance of unlocking investment needed in productive assets across the country, creating jobs, and strengthening communities. (<a title=\"UK pension providers team up in push for infra, AI ...\" href=\"https:\/\/www.businesstimes.com.sg\/international\/uk-pension-providers-team-push-infra-ai-investments?utm_source=chatgpt.com\">The Business Times<\/a>)<\/li>\n<li><strong>Nest<\/strong>: Highlighted the potential of the \u00a3100 million investment in UK fintech firms to drive innovation and economic growth. (<a title=\"UK pension providers team up in push for infra, AI ...\" href=\"https:\/\/www.businesstimes.com.sg\/international\/uk-pension-providers-team-push-infra-ai-investments?utm_source=chatgpt.com\">The Business Times<\/a>)<\/li>\n<\/ul>\n<p>These endorsements reflect a shared commitment to supporting the UK&#8217;s fintech sector and fostering sustainable economic development.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"_Looking_Ahead\"><\/span>\u00a0Looking Ahead<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The &#8220;Sterling 20&#8221; initiative marks a pivotal moment in the UK&#8217;s fintech landscape, signaling a concerted effort by institutional investors to support innovation and growth in the sector. As pension funds increase their allocations to fintech startups, the UK is poised to strengthen its position as a global leader in financial technology.<\/p>\n<div id=\"model-response-message-contentr_5669712657e40462\" class=\"markdown markdown-main-panel enable-updated-hr-color\" dir=\"ltr\">\n<p><span class=\"citation-173 citation-end-173\">The investment of billions from UK pension funds into UK high-growth companies, including fintech startups, is a significant and ongoing government-backed initiative.<sup class=\"superscript\" data-turn-source-index=\"1\">1<\/sup><\/span> <span class=\"citation-172\">This effort is primarily driven by the <\/span><b><span class=\"citation-172\">Mansion House Reforms<\/span><\/b><span class=\"citation-172 citation-end-172\">, aimed at boosting the UK economy and potentially increasing returns for pension savers by allocating capital to illiquid, high-growth assets like venture capital.<sup class=\"superscript\" data-turn-source-index=\"2\">2<\/sup><\/span><\/p>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/p>\n<p>Here is a breakdown of the initiative, key case studies, and common comments\/commentary:<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Initiative_Mansion_House_Reforms_Compact_and_Accord\"><\/span>The Initiative: Mansion House Reforms, Compact, and Accord<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p>The effort has evolved through several key stages, focusing mainly on <b>Defined Contribution (DC) pension schemes<\/b> (where the retirement pot depends on contributions and investment returns) and the <b>Local Government Pension Schemes (LGPS)<\/b>.<\/p>\n<ol start=\"1\">\n<li><b><span class=\"citation-171\">Mansion House Compact (2023):<\/span><\/b><span class=\"citation-171\"> Initially, 11 of the largest UK DC pension providers voluntarily committed to the <\/span><i><span class=\"citation-171\">ambition<\/span><\/i><span class=\"citation-171\"> of allocating at least <\/span><b><span class=\"citation-171\">5%<\/span><\/b><span class=\"citation-171 citation-end-171\"> of their default funds to unlisted equities by 2030.<sup class=\"superscript\" data-turn-source-index=\"3\">3<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b><span class=\"citation-170\">Mansion House Accord (2025):<\/span><\/b><span class=\"citation-170 citation-end-170\"> This was a more ambitious commitment involving 17 providers, representing around 90% of active DC savers.<sup class=\"superscript\" data-turn-source-index=\"4\">4<\/sup><\/span> <span class=\"citation-169\">The new target is to invest at least <\/span><b><span class=\"citation-169\">10%<\/span><\/b><span class=\"citation-169\"> of their default funds in private markets by 2030, with a specific commitment of at least <\/span><b><span class=\"citation-169\">5%<\/span><\/b><span class=\"citation-169 citation-end-169\"> invested in the UK.<sup class=\"superscript\" data-turn-source-index=\"5\">5<\/sup><\/span> <span class=\"citation-168\">This is expected to unlock <\/span><b><span class=\"citation-168\">over \u00a325 billion<\/span><\/b><span class=\"citation-168 citation-end-168\"> for UK businesses and infrastructure.<sup class=\"superscript\" data-turn-source-index=\"6\">6<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>The Sterling 20 (2025):<\/b><span class=\"citation-167\"> A partnership of 20 of the UK&#8217;s largest pension funds and insurers, focused on channeling savings into key sectors like <\/span><b><span class=\"citation-167\">fintech<\/span><\/b><span class=\"citation-167 citation-end-167\">, AI, and infrastructure, building on the Accord.<sup class=\"superscript\" data-turn-source-index=\"7\">7<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Direct_Government_Support_Initiatives\"><\/span>Direct Government Support Initiatives:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Long-term Investment for Technology and Science (LIFTS):<\/b><span class=\"citation-166 citation-end-166\"> An initiative from the British Business Bank (BBB) designed to establish new funds to attract DC pension fund investment into science and technology.<sup class=\"superscript\" data-turn-source-index=\"8\">8<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>The Growth Fund:<\/b><span class=\"citation-165 citation-end-165\"> A new fund established within the BBB to give pension schemes access to opportunities in the UK&#8217;s most promising businesses.<sup class=\"superscript\" data-turn-source-index=\"9\">9<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Case_Studies_and_Early_Progress\"><\/span>Case Studies and Early Progress<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p>Direct, publicly announced investments by individual pension funds into specific, named fintech startups are often limited due to the private nature of venture capital investment. Instead, their investment is primarily channelled through <b>specialist fund vehicles<\/b>.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Phoenix_Group_and_Schroders_Capital_LIFTS_Initiative10\"><\/span>1. <span class=\"citation-164 citation-end-164\">Phoenix Group and Schroders Capital (LIFTS Initiative)<sup class=\"superscript\" data-turn-source-index=\"10\">10<\/sup><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Action:<\/b> Phoenix Group, a major long-term savings and retirement business, committed <b>\u00a3250 million<\/b> of pension investment into a new <b>Long-Term Asset Fund (LTAF)<\/b> launched by Schroders Capital.<\/li>\n<li><b>Context:<\/b><span class=\"citation-163\"> This was a key part of the government&#8217;s LIFTS initiative, matched by a \u00a3250 million commitment from the BBB, creating an initial <\/span><b><span class=\"citation-163\">\u00a3500 million vehicle<\/span><\/b><span class=\"citation-163 citation-end-163\"> projected to grow to over \u00a31 billion.<sup class=\"superscript\" data-turn-source-index=\"11\">11<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>Fintech Link:<\/b><span class=\"citation-162\"> This LTAF is designed to invest in late-stage UK companies across sectors like life sciences, AI, quantum computing, and <\/span><b><span class=\"citation-162\">fintech<\/span><\/b><span class=\"citation-162 citation-end-162\">, providing a direct route for pension money to back innovative firms.<sup class=\"superscript\" data-turn-source-index=\"12\">12<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b><span class=\"citation-161\">Broader Commitment:<\/span><\/b><span class=\"citation-161\"> Phoenix Group also launched <\/span><b><span class=\"citation-161\">Future Growth Capital<\/span><\/b><span class=\"citation-161\"> as the first private market investment manager to deliver the Compact commitments, pledging <\/span><b><span class=\"citation-161\">\u00a32.5 billion<\/span><\/b><span class=\"citation-161 citation-end-161\"> over three years to the UK&#8217;s high-growth companies.<sup class=\"superscript\" data-turn-source-index=\"13\">13<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Nest_Pension_Scheme\"><\/span>2. Nest Pension Scheme<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><b><span class=\"citation-160\">Action:<\/span><\/b><span class=\"citation-160\"> Nest, one of the UK&#8217;s largest pension schemes, committed <\/span><b><span class=\"citation-160\">\u00a3100 million<\/span><\/b><span class=\"citation-160 citation-end-160\"> to be deployed in UK private markets via Schroders Capital.<sup class=\"superscript\" data-turn-source-index=\"14\">14<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>Broader Commitment:<\/b><span class=\"citation-159\"> Nest expects to grow its total commitment to UK private markets from around \u00a34 billion to approximately <\/span><b><span class=\"citation-159\">\u00a312 billion by 2030<\/span><\/b><span class=\"citation-159 citation-end-159\">.<sup class=\"superscript\" data-turn-source-index=\"15\">15<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>Fintech Link:<\/b> This capital supports the financing of high-growth companies, which includes the technology and science sectors where fintech is a major component.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Mansion_House_Compact_Progress_as_of_late_2025_update\"><\/span>3. Mansion House Compact Progress (as of late 2025 update)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Result:<\/b><span class=\"citation-158\"> Investment in unlisted equities held through the DC default funds of the initial Compact signatories <\/span><b><span class=\"citation-158\">doubled<\/span><\/b><span class=\"citation-158\"> in the first two years of the initiative, growing from \u00a3800 million to <\/span><b><span class=\"citation-158\">\u00a31.6 billion<\/span><\/b><span class=\"citation-158 citation-end-158\">.<sup class=\"superscript\" data-turn-source-index=\"16\">16<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b><span class=\"citation-157\">Significance:<\/span><\/b><span class=\"citation-157\"> While still a small proportion of overall assets (around 0.6% towards the 5% initial target), it shows operational progress, with firms launching new <\/span><b><span class=\"citation-157\">LTAFs<\/span><\/b><span class=\"citation-157 citation-end-157\"> and establishing new partnerships with private market asset managers.<sup class=\"superscript\" data-turn-source-index=\"17\">17<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Comments_and_Commentary\"><\/span>Comments and Commentary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Positive_Commentary_The_Proponents\"><\/span>Positive Commentary (The Proponents)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><b><span class=\"citation-156\">Boosting Saver Returns:<\/span><\/b><span class=\"citation-156\"> Proponents, including the government and many asset managers, argue that unlisted equities, especially in high-growth sectors like fintech, offer the potential for <\/span><b><span class=\"citation-156\">higher long-term returns<\/span><\/b><span class=\"citation-156 citation-end-156\"> and better diversification for pension savers, helping to improve retirement outcomes.<sup class=\"superscript\" data-turn-source-index=\"18\">18<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>Filling the &#8220;Scale-up Gap&#8221;:<\/b> Fintech leaders and groups like Innovate Finance have long highlighted the <b>domestic funding gap<\/b> for high-growth UK companies (Series B funding to exit). <span class=\"citation-155\">Pension fund capital is seen as the &#8220;patient capital&#8221; necessary to help homegrown fintechs <\/span><i><span class=\"citation-155\">scale<\/span><\/i><span class=\"citation-155 citation-end-155\"> in the UK instead of selling early or seeking foreign investment.<sup class=\"superscript\" data-turn-source-index=\"19\">19<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>UK Economic Growth:<\/b> The investment directly fuels the growth of a key UK strategic sector (fintech), creating jobs, fostering innovation, and cementing the UK&#8217;s position as a global financial centre.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"CautiousCritical_Commentary_The_Challenges\"><\/span>Cautious\/Critical Commentary (The Challenges)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Fiduciary Duty:<\/b><span class=\"citation-154\"> A primary concern for pension trustees is their <\/span><b><span class=\"citation-154\">fiduciary duty<\/span><\/b><span class=\"citation-154 citation-end-154\"> to members\u2014investing in the best interests of savers.<sup class=\"superscript\" data-turn-source-index=\"20\">20<\/sup><\/span> Any perception of the government <i>mandating<\/i> investment for political goals, rather than financial returns, is strongly resisted. The focus must remain on generating better risk-adjusted returns.\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b><span class=\"citation-153\">Liquidity and Valuation:<\/span><\/b><span class=\"citation-153\"> Private market investments like venture capital are <\/span><b><span class=\"citation-153\">illiquid<\/span><\/b><span class=\"citation-153 citation-end-153\"> (hard to sell quickly), which is a challenge for DC funds that often offer daily-dealing.<sup class=\"superscript\" data-turn-source-index=\"21\">21<\/sup><\/span> Furthermore, <b>valuing<\/b> private companies is more complex and less transparent than for public companies.\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>Performance Concerns:<\/b><span class=\"citation-152\"> Some commentary notes that, historically, UK venture capital funds have <\/span><b><span class=\"citation-152\">underperformed<\/span><\/b><span class=\"citation-152 citation-end-152\"> their US counterparts in delivering large-scale exits and realised returns, raising questions about the quality of the investment pipeline.<sup class=\"superscript\" data-turn-source-index=\"22\">22<\/sup><\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p>&nbsp;<\/li>\n<li><b>Focus on &#8216;Value over Cost&#8217;:<\/b> A major hurdle is the current culture, where many pension schemes and their consultants are focused purely on minimizing fees (the <b>charge cap<\/b>) rather than maximizing <b>long-term value<\/b> and net returns, which can disincentivise the use of higher-fee private market funds.<\/li>\n<\/ul>\n<\/div>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>In a significant development for the UK&#8217;s fintech sector, a consortium of 20 major pension funds, asset managers, and insurers has committed to investing in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,6],"tags":[],"class_list":["post-932453","post","type-post","status-publish","format-standard","hentry","category-gb-news","category-uk-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pension Funds to Invest Billions in UK Fintech Startups - UK News &amp; Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pension Funds to Invest Billions in UK Fintech Startups - UK News &amp; Updates\" \/>\n<meta property=\"og:description\" content=\"In a significant development for the UK&#8217;s fintech sector, a consortium of 20 major pension funds, asset managers, and insurers has committed to investing in...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"UK News &amp; Updates\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-21T14:20:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/ukpostcode.org\/content\/#\/schema\/person\/5529805dee92503827c0c27ed13d55a3\"},\"headline\":\"Pension Funds to Invest Billions in UK Fintech Startups\",\"datePublished\":\"2025-10-21T14:20:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/\"},\"wordCount\":1287,\"publisher\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/#organization\"},\"image\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo\",\"articleSection\":[\"GB News\",\"UK News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/\",\"url\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/\",\"name\":\"Pension Funds to Invest Billions in UK Fintech Startups - UK News &amp; Updates\",\"isPartOf\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo\",\"datePublished\":\"2025-10-21T14:20:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage\",\"url\":\"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo\",\"contentUrl\":\"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ukpostcode.org\/content\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pension Funds to Invest Billions in UK Fintech Startups\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ukpostcode.org\/content\/#website\",\"url\":\"https:\/\/ukpostcode.org\/content\/\",\"name\":\"UK News &amp; Updates\",\"description\":\"UK Post Code\",\"publisher\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ukpostcode.org\/content\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ukpostcode.org\/content\/#organization\",\"name\":\"UK News &amp; Updates\",\"url\":\"https:\/\/ukpostcode.org\/content\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ukpostcode.org\/content\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ukpostcode.org\/content\/wp-content\/uploads\/2023\/09\/cropped-uk-logo-1.png\",\"contentUrl\":\"https:\/\/ukpostcode.org\/content\/wp-content\/uploads\/2023\/09\/cropped-uk-logo-1.png\",\"width\":307,\"height\":85,\"caption\":\"UK News &amp; Updates\"},\"image\":{\"@id\":\"https:\/\/ukpostcode.org\/content\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ukpostcode.org\/content\/#\/schema\/person\/5529805dee92503827c0c27ed13d55a3\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ukpostcode.org\/content\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6aac6e3af4be1d6689e924bbaccd84fc0cc6c5f6680490dc6f0a1f09b87d57f1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6aac6e3af4be1d6689e924bbaccd84fc0cc6c5f6680490dc6f0a1f09b87d57f1?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/ukpostcode.org\/content\"],\"url\":\"https:\/\/ukpostcode.org\/content\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pension Funds to Invest Billions in UK Fintech Startups - UK News &amp; Updates","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/","og_locale":"en_US","og_type":"article","og_title":"Pension Funds to Invest Billions in UK Fintech Startups - UK News &amp; Updates","og_description":"In a significant development for the UK&#8217;s fintech sector, a consortium of 20 major pension funds, asset managers, and insurers has committed to investing in...","og_url":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/","og_site_name":"UK News &amp; Updates","article_published_time":"2025-10-21T14:20:31+00:00","og_image":[{"url":"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo","type":"","width":"","height":""}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#article","isPartOf":{"@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/"},"author":{"name":"admin","@id":"https:\/\/ukpostcode.org\/content\/#\/schema\/person\/5529805dee92503827c0c27ed13d55a3"},"headline":"Pension Funds to Invest Billions in UK Fintech Startups","datePublished":"2025-10-21T14:20:31+00:00","mainEntityOfPage":{"@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/"},"wordCount":1287,"publisher":{"@id":"https:\/\/ukpostcode.org\/content\/#organization"},"image":{"@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage"},"thumbnailUrl":"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo","articleSection":["GB News","UK News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/","url":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/","name":"Pension Funds to Invest Billions in UK Fintech Startups - UK News &amp; Updates","isPartOf":{"@id":"https:\/\/ukpostcode.org\/content\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage"},"image":{"@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage"},"thumbnailUrl":"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo","datePublished":"2025-10-21T14:20:31+00:00","breadcrumb":{"@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#primaryimage","url":"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo","contentUrl":"https:\/\/images.openai.com\/thumbnails\/url\/BN9cbXicu5meUVJSUGylr5-al1xUWVCSmqJbkpRnoJdeXJJYkpmsl5yfq5-Zm5ieWmxfaAuUsXL0S7F0Tw52jDIKMDWwTKzMLDVOizC1rMoNyykILzT3cI5Ky8k3NC8urSpOyyxxKvd2VCu2NTQAAAbCJUo"},{"@type":"BreadcrumbList","@id":"https:\/\/ukpostcode.org\/content\/pension-funds-to-invest-billions-in-uk-fintech-startups\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ukpostcode.org\/content\/"},{"@type":"ListItem","position":2,"name":"Pension Funds to Invest Billions in UK Fintech Startups"}]},{"@type":"WebSite","@id":"https:\/\/ukpostcode.org\/content\/#website","url":"https:\/\/ukpostcode.org\/content\/","name":"UK News &amp; Updates","description":"UK Post Code","publisher":{"@id":"https:\/\/ukpostcode.org\/content\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ukpostcode.org\/content\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ukpostcode.org\/content\/#organization","name":"UK News &amp; Updates","url":"https:\/\/ukpostcode.org\/content\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ukpostcode.org\/content\/#\/schema\/logo\/image\/","url":"https:\/\/ukpostcode.org\/content\/wp-content\/uploads\/2023\/09\/cropped-uk-logo-1.png","contentUrl":"https:\/\/ukpostcode.org\/content\/wp-content\/uploads\/2023\/09\/cropped-uk-logo-1.png","width":307,"height":85,"caption":"UK News &amp; Updates"},"image":{"@id":"https:\/\/ukpostcode.org\/content\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ukpostcode.org\/content\/#\/schema\/person\/5529805dee92503827c0c27ed13d55a3","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ukpostcode.org\/content\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6aac6e3af4be1d6689e924bbaccd84fc0cc6c5f6680490dc6f0a1f09b87d57f1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6aac6e3af4be1d6689e924bbaccd84fc0cc6c5f6680490dc6f0a1f09b87d57f1?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/ukpostcode.org\/content"],"url":"https:\/\/ukpostcode.org\/content\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/posts\/932453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/comments?post=932453"}],"version-history":[{"count":1,"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/posts\/932453\/revisions"}],"predecessor-version":[{"id":932454,"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/posts\/932453\/revisions\/932454"}],"wp:attachment":[{"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/media?parent=932453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/categories?post=932453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ukpostcode.org\/content\/wp-json\/wp\/v2\/tags?post=932453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}