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    UK pension scheme adopts Bitcoin, introduces cryptocurrency accounting for 3% of its fund to reduce employer contributions

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    UK pension expert, Cartwright, announced that an anonymous pension scheme decided to include Bitcoin, accounting for 3% of its fund. The switch to cryptocurrency is expected to reduce the need for employer contributions. The company did not provide additional information about the plan or investment amount. This follows a trend set by other entities; numerous governments and companies adopted crypto in their pension funds in 2024. Meanwhile, the new UK government hasn’t prioritized digital asset regulation, as expected by tech experts.

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    Cartwright, a pension expert based in the UK, recently revealed that an undisclosed pension plan has added Bitcoin to make up for 3% of its fund. After thorough research and training, this UK pension scheme decided to invest in Bitcoin, given its long-term investment potential.

    Steve Robinson, who leads investment implementation at Cartwright, believes this move into crypto will diminish the need for employer contribution. Unfortunately, the company didn’t give any extra detail about the pension plan or the exact investment amount. Square on the heels of their announcement, we tried to connect with Cartwright for more intel but no dice; no one got back to us by the time we published.

    Is pension money diving into crypto?

    Loads of local and national governments took the crypto plunge with their pension funds in 2024. For instance, UK-based business, Legal and General, who have a hefty $1.5 trillion assets under management, hinted in October about providing tokenized funds.

    Korea’s pension service admitted to roughly $34 million tied up in a company called MicroStrategy, known for investing big in Bitcoin. As of the end of September, the State of Michigan Retirement System had about $18 million in Bitcoin and Ether shares.

    Switching gears now, the UK government took a turn in July, with the Labour party taking over the Conservatives after a 14-year reign.

    Before the election, the tech gurus were saying that the new government probably wouldn’t be in a hurry to bring in regulations on digital assets. This hunch looked to be spot on as the new budget, which was laid out in November, didn’t seem to prioritize it. As a heads up, any serious missteps by crypto firms in the UK have to answer to the Financial Conduct Authority, basically the country’s financial guard dog.

    So, with all these big changes afoot, can a financial crisis really put an end to the crypto’s bull run?

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