What the new ‘pension megafunds’ plan by Rachel Reeves means for YOUR retirement …C0NTINUE READING HERE >>>
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 outline the plans to move around £800billion of pension savings into larger so-called “megafunds” in her first annual “Mansion House” speech this evening.
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Ms Reeves is hoping the cash will be used to invest in infrastructure
Local government pension schemes, which manage around £400billion of that cash, will be…
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