local government pension scheme news

Rachel Reeves wants pension funds to bail her out

The Budget bashed business, and also the Labour Party ratings. It mentioned growth more than 300 times and yet the Chancellor then hammered companies, entrepreneurs and generally made it harder to grow a business.

The i on MSN · 1d

What Rachel Reeves’s pension changes mean for your money

In the speech, Reeves is set sketch out plans to merge local government pension scheme assets and consolidate defined contribution (DC) schemes – which most private sector workers use to fund their retirement – into a smaller number of larger schemes, dubbed “megafunds”.

The Financial Times · 1d

Rachel Reeves seeks scale to solve UK pension investment problem

As chancellor, Rachel Reeves has recognised the problem. But she intends to tackle it not by seeking to mandate pensions to invest more into the UK through legislation. Instead, she’s trying to remove barriers to investment including those that derive from operating subscale funds.

The Telegraph on MSN · 11h

Pensions reform is Rachel Reeves’ latest swindle

In Rachel Reeves’s Mansion House speech, she has unveiled her plans to consolidate the 86 funds of the Local Government Pension Scheme (LGPS) into a small number of “mega-funds”. There has already been some consolidation under previous administrations,

Local Government Chronicle7h

LGPS to set local investment targets under chancellor’s ‘megafunds’ plan

The 86 Local Government Pension Scheme administering authorities will be required to transfer all their assets to LGPS pools ...

UK plans overhaul of pension scheme to unlock investment

The UK government has unveiled a plan for a comprehensive overhaul of the pension sector, aiming to create 'megafunds' ...

11h

Pension 'megafunds' explained and what it means for your retirement savings

The reforms would consolidate almost 90 smaller local authority and private workplace schemes together, in the hope that ...

12hon MSN

UK plans to create pension megafunds with aim of unlocking $100 billion for investment

British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of ...

Yahoo1d

Reeves to rip-up pension rules in dash for growth

The speech will also unveil plans to condense the Local Government Pension Scheme (LGPS), currently a collection of ...

Armed robbery in Revesby4h

GAD Analysis Backs Government Pension Reforms

GAD's analysis has supported the government's work around pension reforms, which were announced by the Chancellor during the ...

Financial News12h

Government Initiates Pension Reforms with Interim Report

The UK government publishes an interim report proposing reforms for DC and LGPS to enhance scale and efficiency in pension ...

unison.org.uk6h

Council pension reforms must ensure staff voices are heard

“It’s crucial the voices of scheme members – including council workers, school support staff and many others delivering public services – are central to any changes. “Scheme members currently make up ...

1don MSN

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 ...

Building9h

Reeves announces plans for UK pension ‘megafunds’ to boost investment

“More often than not, it is Canadian teachers and Australian professors reaping the rewards of investing in British ...

Mansfield and Ashfield Chad on MSN5d

Mineworkers’ Pension Scheme: Notts campaigner hails ‘end of long, long fight’ over injustice

Mick Newton, worked at Thoresby Colliery for 15 years and has been campaigning for a fairer deal for the past decade ...

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