UK plans to create pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s subpar economic growth.
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 'mega funds'
Rachel Reeves to create “pension megafunds” to boost UK growth
The chancellor will use her maiden Mansion House speech to unveil what she calls the "biggest pension reform in decades". How will her plans affect your retirement savings?
Major pension change to 'reward savers' set out by Rachel Reeves
Rachel Reeves has told City chiefs she plans to create pension “megafunds” that will “power growth” in the economy and reward British savers. In her first Mansion House speech as Chancellor, Ms Reeves announced plans for the megafunds which she said could bring in £80 billion to invest in businesses and infrastructure.
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 ...
Reeves to announce ‘megafunds’ shake-up of local government pension scheme
Rachel Reeves is promising to introduce the ‘biggest pension reforms in decades’ in the UK.Photograph: Tayfun Salcı/ZUMA Press Wire/REX/Shutterstock Rachel Reeves will announce plans to merge local government retirement schemes into “megafunds” as ...
Reeves Plans Law to Make Pension ‘Megafunds’ in 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.
Pension ‘megafunds’ will boost growth and reward British savers – Reeves
Rachel Reeves has told City chiefs she plans to create pension “megafunds” that will “power growth” in the economy and reward British savers. In her first Mansion House speech as Chancellor, Ms Reeves announced plans for the megafunds which she said could bring in £80 billion to invest in businesses and infrastructure.
Reeves to shake up pensions to try to boost growth
Chancellor Rachel Reeves is to set out what she is calling the "biggest pension reform in decades" in an attempt to boost growth. The government wants to merge the UK's 86 council pension schemes into a handful of "pension megafunds".
Rachel Reeves vows to rip up financial red tape and create pension ‘megafunds’ in first Mansion House speech
In her first Mansion House speech as Chancellor, Rachel Reeves announced plans for megafunds which she said could unlock £80 ...
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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 ...
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Reeves must go bigger and bolder on local pensions reform
UK chancellor Rachel Reeves ... for eight pension megafunds. This is weak sauce: she should be bolder if she really wants to replicate the might of overseas pension funds. The confusingly ...
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 pension ‘megafund’ reforms savaged as ‘high risk, low return'
The Chancellor has claimed the pension reforms could unlock billions of pounds of investment in UK businesses.
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 ...