Reeves wants pension ‘megafunds’ to boost growth as Budget backlash continues
Reeves wants pension ‘megafunds’ to boost growth as Budget backlash continues - Chancellor Rachel Reeves said ‘we’re going for growth’ after the difficult decisions in the Budget.
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
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 economic growth.
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 UK businesses and infrastructure. Rachel Reeves will use her first Mansion House speech on Thursday as chancellor to outline what is billed as the biggest pensions shake-up in decades.
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.
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'.
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.
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.
Video: Watch Business Live: Rachel Reeves to create pension ‘mega funds’ to invest in infrastructure
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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”.
Rachel Reeves's latest pension gamble could put retirees' savings at risk
Experts have raised serious concerns about the Chancellor's plans for a Canadian-style overhaul of British pensions.
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 ...
Biden Withdraws Nomination to Lead Beleaguered Pension Insurer
The Biden administration withdrew its pick to head up the government’s independent private-sector pension insurer in the wake ...
House passes legislation to end Windfall Elimination Act and Government Pension Offset
Team’s reporting on the millions of Americans who rely on benefits from the Social Security Administration to make ends meet.
Britain eyes pension 'megafunds' to super-charge economy
Britain wants to build a slew of "megafunds" with up to 80 billion pounds ($102 billion) in fresh investment firepower, under ...
Pension ‘megafunds’: How do they work and is bigger always better?
Reforms will be introduced under a new Pension Schemes Bill next year, as part of Government plans to boost economic growth.
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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 86 ...
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KY’s troubled state pension fund continues slow recovery but only 24% funded
Kentucky’s state pension system continues to improve after two decades of neglect, although it’s still billions of dollars ...
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Pensioners to pay “retirement tax” within three years, according to state pension forecasts
The state pension is set to reach £12,592 by 2027, meaning it will exceed the tax-free personal allowance. We look at the ...