British Treasury chief Rachel Reeves is set to announce plans later Thursday 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.

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.

Britain wants to build a slew of "megafunds" with up to 80 billion pounds ($102 billion) in fresh investment firepower, under plans for the biggest shake-up in UK pensions seen in decades, finance minister Rachel Reeves said on Wednesday.

Unlock significant investment in high-growth businesses with the Chancellor's plan to create 'megafunds' for pension consolidation.

Chancellor Rachel Reeves is set to unveil a proposal to consolidate £400bn of UK local authority pension schemes.

Rachel Reeves is set to unveil plans to merge local government pension scheme assets and consolidate defined contribution schemes into ‘megafunds’.

Chancellor Rachel Reeves will use her first Mansion House speech to set out radical reform of pension system that could turbo-charge investment

New plans will see the 86 authorities managing local government pension schemes pooling their assets into a smaller number of 'megafunds'.

The UK government is set to implement major reforms in the pension sector by consolidating assets into “pension megafunds,” aimed at unlocking investment for critical infrastructure and fast-growing businesses.