Rachel Reeves to create pension 'mega funds' to invest in infrastructure
Chancellor Rachel Reeves wants to copy the way Canada and Australia group their pension funds together in a bid to increase investment. The government believes this could bring in an extra £80bn of funding.
Rachel Reeves seeks scale to solve UK pension investment problem
As chancellor, Rachel Reeves has recognised the problem. But she intends to tackle it not by seeking to mandate pensions to invest more into the UK through legislation. Instead, she’s trying to remove barriers to investment including those that derive from operating subscale funds.
What the new ‘pension megafunds’ plan by Rachel Reeves means for YOUR retirement
THE government is set to announce huge plans to create “pension megafunds” in a bid to boost both savers’ retirement pots and investment in the UK. Chancellor Rachel Reeves will
Reeves to rip-up pension rules in dash for growth
Rachel Reeves will set out plans to create British ‘megafunds ... The speech will also unveil plans to condense the Local Government Pension Scheme (LGPS), currently a collection of 86 separate funds worth a combined £360bn, into fewer, bigger ...
UK set to create new pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves is set to announce plans later Thursday to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s sub-par economic growth.
Reeves to force UK council pensions to consolidate into eight ‘megafunds’
Reeves told the Financial Times that the development of eight pools worth an average £50bn by 2030 would end the role of local councils in administering the money and boost “fast-growing British businesses and infrastructure”.
'Too small' pension funds hold back growth - Reeves
The chancellor wants to merge the UK's pension funds, but critics worry about the impact on savers.
Reeves Plans Law to Create Pension ‘Megafunds’ in UK Growth Push
Chancellor of the Exchequer Rachel Reeves said the UK will introduce legislation next year to pool £1.3 trillion ($1.7 trillion) of pension savings into a series of “megafunds,” as the new Labour government tries to deliver on its pledge to boost private investment and economic growth.
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How Rachel Reeves wants to use your pension to fuel growth
Rachel Reeves wants her maiden Mansion House speech to be ... She is widely expected to unveil plans to shake up ...
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Chancellor to unveil plans to merge local government pensions into ‘mega funds’
Chancellor Rachel Reeves' reforms will see the £360bn of assets in 86 local government pension schemes pooled into eight ...
Rachel Reeves makes huge mistake as she misses vital thing about pensions
Rachel Reeves wants to amalgamate 86 local government pension schemes into a handful of “megafunds” worth £360billion which ...
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What Rachel Reeves’s pension changes mean for your money
Chancellor Rachel Reeves will outline a series of pensions changes in a Mansion House speech on Thursday night. In the ...
UK Finance Minister Rachel Reeves eyes pension funds to tackle country's investment gap
Reeves intends to consolidate Local Government Pension Scheme (LGPS) into eight pension “megafunds” to streamline operations ...
Rachel Reeves's latest pension gamble could put retirees' savings at risk
Experts have raised serious concerns about the Chancellor's plans for a Canadian-style overhaul of British pensions.
Rachel Reeves pools £1.3trillion of pension savings in bid to boost investment in Britain and rip up financial red tape
THE Chancellor last night attempted to win back the City with plans to create pension megafunds to boost investment in Britain and rip up financial red tape. Just a fortnight after her Budget ...