Plans for UK infrastructure fund worry local authorities

By Simon Jessop, Sinead Cruise and Carolyn Cohn LONDON (Reuters) - A government plan to overhaul how local authorities invest their workers' pension money is meeting opposition from some trustees worried they will be forced to accept low returns for funding new roads, railways and other capital projects. The government has proposed merging nearly 200 billion pounds ($280 billion) of local authority retirement savings into investment pools to help pay for improvements to Britain's infrastructure.