UK plans overhaul of pension scheme to unlock investment
The UK government has unveiled a plan for a comprehensive overhaul of the pension sector, aiming to create 'megafunds' through consolidation, which could unlock significant investment in domestic infrastructure, projects, and new businesses.
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.
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.”
UK government proposes pension reforms to unlock £80bn of investment
The UK’s chancellor of the exchequer Rachel Reeves is due to propose merging Local Government Pension Scheme (LGPS) assets and consolidating defined contribution (DC) schemes into megafunds to unlock £80bn of investment for infrastructure projects and businesses of the future, the HM Treasury has confirmed.
Chancellor to create pension 'megafunds' to drive economic growth - here's how it would work
A government plan to use people's pension savings to boost economic growth has broad public support, new research reveals. Do YOU think it's a good idea - take our poll.
Pension 'megafunds' to be created to boost investment and economic growth
Pension "megafunds" are set to be created to help unlock billions of pounds of investment in businesses and infrastructure. Rachel Reeves will use her first Mansion House speech as Chancellor to outline the pensions shake-up.
Pension 'megafunds' explained and what it means for your retirement savings
The reforms would consolidate almost 90 smaller local authority and private workplace schemes together, in the hope that ...
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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 ...
What is the new pension ‘shake-up'? Everything you need to know
How will the new pension system work? Rachel Reeves has based her proposals on systems currently used in Canada and Australia ...
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Reeves to rip-up pension rules in dash for growth
The speech will also unveil plans to condense the Local Government Pension Scheme (LGPS), currently a collection of ...
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GAD Analysis Backs Government Pension Reforms
GAD's analysis has supported the government's work around pension reforms, which were announced by the Chancellor during the ...
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Government Initiates Pension Reforms with Interim Report
The UK government publishes an interim report proposing reforms for DC and LGPS to enhance scale and efficiency in pension ...
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Council pension reforms must ensure staff voices are heard
“It’s crucial the voices of scheme members – including council workers, school support staff and many others delivering public services – are central to any changes. “Scheme members currently make up ...
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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 ...
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Mineworkers’ Pension Scheme: Notts campaigner hails ‘end of long, long fight’ over injustice
Mick Newton, worked at Thoresby Colliery for 15 years and has been campaigning for a fairer deal for the past decade ...