UK Pension Scheme Embraces Bitcoin: 3% Allocation Marks Historic Move
A UK pension Bitcoin allocation made waves this October. An unnamed pension fund worked with Cartwright Benefit Consultants Ltd. to invest 3% in Bitcoin. The move came after careful training and detailed checks. It shows how pension funds now see cryptocurrency as a smart way to spread their investments across different assets. Could this be the future for all pension schemes? Let’s find out! Also Read: Precious Metal Rally: Gold To Hit $3000, Silver $40, Analyst Says Navigating the New Era of Bitcoin in Pensions: Insights and Strategies Source: Watcher Guru Security Steps The pension fund uses three separate custodians to keep its Bitcoin safe, which helps with security. Each of the transaction needs multiple approvals, and makes the process safer. Steve Robinson, Cartwright’s head of implementation, had the following statement: “By combining a highly secure custodial solution with a mechanism to quickly trim profits as they arise, we’ve opened the door for risk...