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.
Reeves to rip-up pension rules in dash for growth
Rachel Reeves will set out plans to create British ‘megafunds’ - Stefan Rousseau/PA Wire 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. In her maiden ...
Rachel Reeves to create pension 'mega funds' to invest in infrastructure
Pension "mega funds" will be created under government plans to increase infrastructure investment. Reforms could "unlock £80bn" of investment, according to Treasury plans, which say bigger funds can get greater returns. Chancellor Rachel Reeves wants to imitate the way large Canadian and Australian pension schemes work.
'Too small' pension funds hold back growth - Reeves
The chancellor wants to merge the UK's pension funds, but critics worry about the impact on savers.
In Full: Reeves on UK-US Trade, Pension 'Megafunds,' Regulation
UK Chancellor of the Exchequer Rachel Reeves discusses trade with the US, her plans for pension funds reform and the outlook for UK financial services regulation. Speaking with Bloomberg's Lizzy Burden in London,
Rachel Reeves says pension 'megafunds' will be key to unlock £80bn investment
Chancellor Rachel Reeves will use her first Mansion House speech to set out radical reform of pension system that could turbo ...
Rachel Reeves might come to rue her ‘read my lips’ moment
For Bush senior, the consequences of “read my lips” were devastating. Having accepted the need for higher taxes in 1990, the ...
Rachel Reeves has every right to shut down a tax laundering tool
Rachel Reeves is slamming shut a tax loophole that should never have been opened in the first place. It was only in 2015 that ...
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Rachel Reeves needs to get real with the fact that we have become too cautious
Before the election, Rachel Reeves said she would “unashamedly champion” financial services “as one of the UK’s greatest ...
Rachel Reeves's latest pension gamble could put retirees' savings at risk
Experts have raised serious concerns about the Chancellor's plans for a Canadian-style overhaul of British pensions.
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WASPI fury as Rachel Reeves fails to commit to state pension scandal payouts
Hundreds of WASPI campaigners vented their fury outside Parliament as Rachel Reeves failed to announce compensation in her Budget. Ministers are under pressure to deliver payouts to 3.6million ...
Rachel Reeves gambles on £40bn tax rise in her first Budget
With a £40bn hike, Rachel Reeves delivered the highest level of tax increases ever announced in a Budget, but questions ...
Rachel Reeves slammed by high street giant as shoppers warned prices are bound to rocket
If inflation soars as a result of the increase to the National Living Wage workers will ultimately pay the price, warned JD ...
UK pension changes to be announced by Rachel Reeves this week
The Chancellor is expected to use her first Mansion House speech in the City of London to 'spell out the next phase' of ...
Rachel Reeves' £25b tax raid could force GP practices to close
The British Medical Association is the latest body to criticise Chancellor Rachel Reeves' £25 billion tax raid on employers' ...