By Lars Mucklejohn Phoenix Group, the UK’s largest long-term savings and retirement business, is reportedly planning to launch a new multibillion-pound fund to invest in high-growth companies and boost pension returns. The Telegraph reported that Phoenix, which owns insurer Standard Life, was in the early stages of developing a superfund to, among other things, pool cash to invest in life sciences and fintech firms, as well as injecting long-term venture capital into unlisted companies in the UK and overseas. By contributing to the investment vehicle, thousands of smaller pension funds would a…
