UK-based pension scheme makes 3% Bitcoin allocation
Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.
United Kingdom-based pension specialist Cartwright reported that an “unnamed scheme” had made a 3% allocation of Bitcoin into its pension fund.
According to a Nov. 4 notice, Cartwright reported that “after a rigorous training and due diligence process,” a UK pension scheme had chosen to make the Bitcoin (BTC) allocation, citing its “long investment time horizon.”
The firm’s head of investment implementation, Steve Robinson, said the crypto investment would help “reduce reliance on employer contribution.”
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Author: Turner Wright
