UK plans to create pension mega funds and unlock billions for investment
British Chancellor of the Exchequer Rachel Reeves said on 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 UK's subpar economic growth.
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 investment. The government believes this could bring in an extra £80bn of funding.
Pension "megafunds" will boost growth and reward UK savers – Reeves
(Alliance News) - 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 GBP80 billion to invest in businesses and infrastructure.
Reeves Plans Law to Create Pension ‘Megafunds’ in UK 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 plots mega raid on pensions, union warns
MORE than six million workers’ pension pots are at risk under Treasury plans to create so-called “megafunds” to siphon off into national infrastructure projects, GMB warned today.
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 tens of billions of pounds for investment and boosting the U.K.’s sub-par econ
Bloomberg Daybreak Europe: UK Plans Pension ‘Megafunds’
Overnight on Wall Street is morning in Europe.Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.
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.
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Chancellor Announces Pension Reforms with Mega Funds
Chancellor Rachel Reeves has announced a series of reforms to the pension system in her maiden Mansion House speech.
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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 ...
LBC18h
Rachel Reeves to 'rip up financial red tape' with pension 'mega funds' freeing up £80 billion for investment
Rachel Reeves looks set to "rip up financial red tape" as she introduces all-new pensions "mega funds' that could free up £80 ...
Politics latest: No 10 weighs in on idea of four-day working week; chancellor set to dig into pension 'mega funds'
Chancellor Rachel Reeves will tonight deliver her first Mansion House speech, where she'll set out reforms to the pensions ...
Reeves in radical pension shake-up to boost growth
Chancellor Rachel Reeves is planning what she calls the "biggest pension reform in decades" in an attempt to boost economic ...
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UK unveils ‘Australian-style mega-funds’ ambition for pension system
The UK Chancellor of the Exchequer Rachel Reeves has pledged to turn the nation’s pension providers into Australian- and Canadian-style “mega-funds”, by supercharging consolidation with measures such ...
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UK pushes to create 'mega fund' to integrate local government pension fund
The UK government is pushing for the creation of a "mega fund" that integrates dozens of local government pension funds to boost investment. Treasury Secretary Rachel Reeves says she is pushing ...