UK Pension Fund Breaks New Ground with Bitcoin Investment
In an unprecedented move, a UK pension fund has taken the bold step of allocating 3% of its assets to Bitcoin, marking one of the first instances of cryptocurrency adoption by a British retirement fund.
With the guidance of Cartwright Benefit Consultants Ltd., the fund implemented a secure, multi-custodian approach and strict protocols for asset management, allowing it to benefit from Bitcoin’s growth while managing volatility.
Cartwright’s head of implementation, Steve Robinson, explained that the strategy pairs a secure custodial framework with an automated profit-taking system to manage risk—a setup he describes as ideal for cautious institutional investors.
READ MORE: Crypto Founders Challenge Coinbase’s Claims on Listing Fees Amid Binance’s Zero-Cost Approach
This pioneering allocation highlights a shift in the investment landscape as pension funds seek alternative assets to diversify portfolios. Samuel Roberts from Cartwright emphasized that in today’s uncertain economic climate, trustees are looking to future-proof their funds, and cryptocurrency offers an innovative way to achieve diversification.
Other major institutions, including Wisconsin and Michigan state funds, have also ventured into crypto through ETFs, recognizing the asset class’s potential. Cartwright views this adoption as a turning point, potentially paving the way for broader digital asset integration in the pension fund industry, similar to the early days of stock and bond investments.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
