UK Pension Funds Interested in Bitcoin as Cartwright’s Client Sees 60% Return

Bitcoin’s narrative as a volatile asset has not hampered many institutions from becoming a part of its ecosystem. Insights into the business activities of Cartwright Pension Trusts, a UK-based financial firm that advises pension funds, show that various UK pension funds are interested in investing in BTC.

UK Pension Funds to Buy Bitcoin

In early November 2024, Cartwright Pension Trusts announced that it had advised a British pension fund to invest £1.429 million, representing 3% of its portfolio, in BTC. Notably, this was the first time a UK-based company would include the leading cryptocurrency as part of its balance sheet.

Fast-forward to the present, and that British pension fund has seen its BTC portfolio grow by 60%. Recall that BTC has seen several price milestones between November 2024 and July 2025. As of the time of writing, the leading crypto asset was sold for £79,700, representing a modest 1.74% surge over the past week.

With Cartwright’s client currently in gains, more pension clients are becoming interested in exploring Bitcoin acquisitions as part of their balance sheet. According to Arash Nasri, a senior investment consultant at the company, the feedback from the broader industry has been “surprisingly positive.”

Previously, pension funds relied on other financial instruments, such as gold, stocks, and bonds, to offer retirees stable returns on their investments. However, many are now becoming interested in Bitcoin, a digital asset renowned for its continuous volatility.

Not Everyone Wants Bitcoin

Nasri noted that some individuals within the British pension industry have hauled down the idea of investing retirees’ money in BTC. Summarizing their worries in a comment, he said:

“A common retort has been that Bitcoin's price is too volatile. [. . .] [There has also been] a lack of willingness from many in our industry to learn about an emerging form of money and a new technology which could (will, in our view) be hugely impactful to an investment portfolio and future returns.”

Still, Nasri acknowledged that Cartwright is currently in talks with various clients to explore incorporating Bitcoin into their balance sheet.

To alleviate the concerns of many, Cartwright introduced the “Annual Bitcoin Review” to educate its clients on the benefits and risks associated with digital assets, such as BTC.