Rachel Reeves: Pension ‘megafunds’ will boost growth
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, Reeves announced plans for the megafunds which she said could bring in £80 billion to invest in businesses and infrastructure.
Reeves announces plans for UK pension ‘megafunds’ to boost investment
“More often than not, it is Canadian teachers and Australian professors reaping the rewards of investing in British productive assets through their pensions schemes rather than British savers,” said Reeves. “That’s not good enough and we need to change that.”
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.
Plans for pension ‘megafunds’ unveiled to boost growth and reward British savers
In her first Mansion House speech as Chancellor, Rachel Reeves announced plans for megafunds which she said could unlock £80 billion for investment.
Reeves eyes £80bn investment with pension ‘megafunds’
Chancellor Rachel Reeves is set to unveil a proposal to consolidate £400bn of UK local authority pension schemes.
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 Rachel Reeves 'pensions megafunds' plan means for workers' retirement
The new Labour Party Chancellor will announce plans to merge local government retirement schemes into “megafunds” as she tries to revive long-running efforts to overhaul the public pension system.
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?
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.
Pensions reform is Rachel Reeves’ latest swindle
In Rachel Reeves’s Mansion House speech, she has unveiled her plans to consolidate the 86 funds of the Local Government Pension Scheme (LGPS) into a small number of “mega-funds”. There has already been some consolidation under previous administrations,
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 ...
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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Reeves to announce plans to form pension megafunds in 'radical' reform package
Chancellor, Rachel Reeves, is set to announce plans to create 'pension megafunds' in her upcoming Mansion House speech, as ...
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Stories of the Week: UK wage growth cools less than expected; Reeves planning pension 'megafunds'; US inflation rises
Investment Week provides the latest investment news, analysis and opinion for wealth managers and the UK funds industry ...