Reeves in radical pension shake-up to boost growth
UK public sector pension funds are not big enough to generate good returns for British savers, Chancellor Rachel Reeves has told the BBC. Her comments come as the government reveals plans to merge the UK's local government pension scheme, a group of funds which together manage £354bn in investments, into a handful of "pension megafunds".
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.
Reeves to rip-up pension rules in dash for growth
Rachel Reeves will set out plans to create British ‘megafunds’ - Stefan Rousseau/PA Wire Rachel Reeves will tear up workplace pension rules as part of a broader shake-up that the Chancellor claims will unlock up to £80bn in investment. In her maiden ...
How Rachel Reeves wants to use your pension to fuel growth
Rachel Reeves wants her maiden Mansion House speech to be about Britain’s plans to go for growth. A fortnight after the Chancellor announced the biggest tax raid in history, she now wants to turn the page and highlight how British pension pots can be harnessed to funnel more cash into productive investment.
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
What pension 'megafund' changes announced by Rachel Reeves could mean for you
Chancellor Rachel Reeves plans to merged dozens of council pensions schemes into much larger schemes. Some experts have warned 'big isn't always beautiful'.
Reeves to force UK council pensions to consolidate into 8 ‘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”.
In Full: Reeves on UK-US Trade, Pension 'Megafunds,' Regulation
UK Chancellor of the Exchequer Rachel Reeves discusses trade with the US, her plans for pension funds reform and the outlook for UK financial services regulation. Speaking with Bloomberg's Lizzy Burden in London,
Tories in support of Rachel Reeves' plans to create megafunds
In her Mansion House speech tonight, the Chancellor will confirm she is pressing ahead with plans to merge pension schemes to create new 'megafunds' capable of investing in major infrastructure projects and emerging industries.
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 ...
Reeves’s radical pension reforms risk leaving taxpayers ‘on the hook’
Rachel Reeves’s radical pension reforms risk putting retirements in danger and leaving taxpayers “on the hook” if investments ...
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 ...
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 says clampdown after 2008 financial crash has 'gone too far'
Rachel Reeves has sought to move on from criticism of her Budget by spelling out pension reforms and lighter touch City ...
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 ...