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
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.
Rachel Reeves to create “pension megafunds” to boost UK growth
The chancellor will use her maiden Mansion House speech to unveil what she calls the "biggest pension reform in decades". How will her plans affect your retirement savings?
Reeves to announce plans to form pension megafunds in 'radical' reform package
Chancellor, Rachel Reeves, is set to announce plans to create 'pension megafunds' in her upcoming Mansion House speech, as part of a
Labour to 'miss homes pledge' and 'pension megafunds' plan
The House passed House Resolution 82, the Social Security Fairness Act of 2023, on Tuesday, Nov. 12. H.R. 82 aims to eliminate two provisions in the United States, including the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
Bloomberg Daybreak Europe: UK Plans Pension ‘Megafunds’
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UK plans to create pension megafunds with aim of unlocking USD 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 UK's subpar economic growth.
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”.
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 growth. The government wants to merge the UK's 86 council pension schemes into a handful of "pension megafunds".
Reeves to rip-up pension rules in dash for growth
Rachel Reeves will tear up workplace pension rules as part of a broader shake-up that the Chancellor claims will unlock up to £80bn in investment.
Tories in support of Rachel Reeves' plans to create megafunds
In her Mansion House speech tonight, the Chancellor will confirm she is pressing ahead with plans to merge pension schemes to create new 'megafunds' capable of investing in major infrastructure projects and emerging industries.
U.S. News & World Report1d
Britain Eyes Pension 'Megafunds' to Super-Charge Economy
LONDON (Reuters) -Britain wants to build a slew of "megafunds" with up to 80 billion pounds ($102 billion) in fresh ...
UK eyes pension ‘megafunds’ to spur economy
Britain wants to build a slew of “megafunds” with up to £80bil or about US$102bil in fresh investment firepower, under plans ...
Which2d
Compare pension drawdown plans and charges
Why should I shop around for pension drawdown? Pension income drawdown is becoming one of the most popular ways to generate an income from your retirement savings. In a drawdown plan, you keep ...
moneysavingexpert.com3d
What is Pension Credit?
If you're retired and have income less than £218 a week as an individual, or £332 a week as a couple, you may be due £1,000s a year in Pension Credit. Plus, it then entitles you to a whole raft of ...
Manchester Evening News5d
DWP benefits unavailable once you reach State Pension age
Income support and several other well-known benefits are no longer offered once you reach the state pension age. It comes as it emerged the Department for Work and Pensions (DWP) has revealed that ...