Despite being a small venture capital company Passion Capital has given itself a mammoth task – it is aiming to find the next Facebook or Google. To do this the company invests heavily in start-up technology businesses in the hope that one will change its market dramatically.
The Pension Protection Fund (PPF) was set up in 2005 to protect people’s retirement savings when their employers go bust. When the worst happens the PPF takes over the running of the pension fund but for the past 11 years most assets have been managed externally. Now, the organisation has embarked on a three-year task of bringing back a large number of these assets to be managed in-house.