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By Bethany Wales Legal & General has secured an extra £150m for its UK affordable housing drive, pushing its total pot to £280m. The lion’s share of this new funding comes from the Greater Manchester Pension Fund (GMPF), which has pledged £120m towards the company’s drive to add to its existing portfolio of more than 8,000 affordable homes. GMPF is the largest local government pension scheme fund in the UK, managing more than 375,000 pensions and paying out more than £750m each year. While pension cash has typically been shut out of such assets due to the higher costs associated with managing …

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