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.
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?
UK plans for pension ‘megafunds’ to unlock £80bn of investment
UK Chancellor Rachel Reeves is expected to further flesh out in her Mansion House speech this evening (14 November) her ideas for steering pension funds,
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.
New Pension Schemes Bill: What you need to know about the megafunds shake-up
What you need to know about the megafunds shake-up - Reforms will be introduced under a new Pension Schemes Bill next year ...
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 ...
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 ...
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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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 ...
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Private equity funds see faint flicker of hope for M&A
Private equity “megafunds,” with at least $5 billion in assets under management, have been hit particularly hard by the sluggish deal market. In this year’s first half they recorded single ...