UK set to create new pension megafunds with aim of unlocking $100 billion for investment
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.
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 investment firepower, under plans for the biggest shake-up in UK pensions seen in decades, finance minister Rachel Reeves said on Wednesday.
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.
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?
Pension ‘megafunds’ to boost UK investment says government
Financial Services are the “crown jewel” in the UK economy – the Chancellor Rachel Reeves will declare tonight. At tonight’s Mansion House speech in the City, she will call on Britain’s massive pension fund industry to pump more of its investments into the country’s infrastructure.
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.
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.
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 businesses and infrastructure. Rachel Reeves will use her first Mansion House speech as Chancellor to outline the pensions shake-up.
UK Government Launches Pension Megafunds to Boost Economic Growth and Infrastructure
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.
Rachel Reeves vows to rip up financial red tape and create pension ‘megafunds’ in first Mansion House speech
In her first Mansion House speech as Chancellor, Rachel Reeves announced plans for megafunds which she said could unlock £80 ...
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 ...
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 ...
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Chancellor’s Bold Plans for Pension Megafunds
Chancellor Rachel Reeves unveils plans for pension 'megafunds' aimed at economic growth and better retirement outcomes.
Reeves’s radical pensions reforms risk leaving taxpayers ‘on the hook’
Rachel Reeves’s radical pensions reforms risk putting retirements in danger and leaving taxpayers “on the hook” if ...