Your Government will introduce a phased plan to allow pension funds and life insurance companies to invest more in private companies and infrastructure projects. Currently, pension funds are limited to investing 5% of their assets in private equity. Under the first phase, this will increase to 7.5%, unlocking an additional $21.2 billion for long-term investments in well-governed private companies. The second phase, planned for April 2027, would raise the limit to 10%, subject to supervision and financial stability checks. Minister Williams stated that these changes are practical, evidence-based, and designed to mobilize local capital to support infrastructure, housing, energy, and private sector growth, while maintaining oversight and financial stability. She also reaffirmed her commitment to completing all necessary legislative and regulatory steps to implement these reforms.(Andrew Holness)