Reeves announces plans for UK pension ‘megafunds’ to boost investment

2024-11-15T12:28:00

Source: HM Treasury / Flickr

Chancellor says country must follow example of Canada and Australia

Rachel Reeves has announced plans to boost investment through the creation of pension ‘megafunds’ similar to those seen in Australia and Canada.

In her first Mansion House speech last night, the chancellor set out plans to require the 86 authorities that administer the Local Government Pension scheme to consolidate their assets into just eight pools.

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