Factors that impact on pension fund investments in infrastructure under the current global financial regulation

One common denominator observed in global financial regulation is the tendency to allow pension funds to invest more in infrastructure. Considering this, our study analyses what regulatory changes are currently taking place from a global perspective and what are the relevant factors that impacts on pension fund’s decisions to invest in infrastructure. Our results show that although financial restrictions on pension funds to invest in infrastructure could be important, there are other more significant factors such as the institutional framework and other variables related to the depth and strength of the financial markets. Geographical considerations have also been revealed to be important.