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 ...
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?
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".
How Rachel Reeves plans to use pension pots to fund an investment boom
The Chancellor Rachel Reeves is set to lay out one of the most significant shake-ups of the pension system in decades today ...
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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 plans to create pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves says the government plans to merge dozens of pension funds with the aim of unlocking ...
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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 ...
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 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 ...
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.
Reeves’s radical pensions reforms risk leaving taxpayers ‘on the hook’
Rachel Reeves’s radical pensions reforms risk putting retirements in danger and leaving taxpayers “on the hook” if ...