U.K.’s “credit easing” plan to help avoid another credit crunch has received a positive response from pension fund executives, Financial News reports. However, they have expressed the need for quality, transparency and education before funds start extending credit lines to small and midsize businesses.

Under Chancellor of the Exchequer George Osborne’s credit easing plan, the public sector will help boost the supply of credit mostly to small and midcap companies that are struggling to secure loans. More details may be disclosed in the Chancellor’s autumn statement due November 29.

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