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-charge investment
Rachel Reeves to create pension 'mega funds' to invest in infrastructure
Chancellor Rachel Reeves wants to copy the way Canada and Australia group their pension funds together in a bid to increase investment. The government believes this could bring in an extra £80bn of funding.
Reeves to force UK council pensions to consolidate into eight ‘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”.
'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.
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 tear up workplace pension rules as part of a broader shake-up that the Chancellor claims will unlock up to £80bn in investment.
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.
The Independent27d
Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts
Angela Rayner is among those raising concerns about Rachel Reeves’ Budget plans (Getty/Reuters) Ms Reeves told ministers during Tuesday’s Cabinet meeting that plans to fill a £22bn hole in ...
What Angela Rayner got for her £5,780 makeover
One of the many great shifts in British politics over the past few years has been the introduction of the “glow up”, ...
Daily Express26d
Labour civil war erupts as Rayner and Reeves row over social housebuilding funds
Tensions are rising at the very top of the Labour government after it emerged Rachel Reeves and Angela Rayner could be going head-to-head over the amount of funding available for social ...
Daily Mail23d
Angela Rayner 'shores up her position' as Keir Starmer U-turns to give his deputy a seat on national security council - and she claims victory on £1bn social housing funding
In another apparent bid to play down the idea Ms Rayner has been shut out, they insisted the DPM - whose brief includes housing - was 'joined at the hip' with Sir Keir and Rachel Reeves.
LBC13d
Deputy PM Angela Rayner accepted over £3,000 worth of free clothes from Lord Alli
Deputy PM Angela Rayner has declared £3,550 worth of clothes donated by Lord Alli earlier this year as Labour’s expenses ...
AOL13d
Angela Rayner declares £3,550 worth of clothes from Lord Alli
Angela Rayner has declared £3,550 worth of clothes ... Ms Rayner, Sir Keir Starmer and Chancellor Rachel Reeves stopped accepting donations to pay for clothes in September after the Prime ...
Daily Mail23d
Angela Rayner sets up 'council housing revolution' as she is handed almost £1BILLION in next week's budget
Angela Rayner is is expected to set up a 'council ... council homes to stop this loss by April 2026 and Chancellor Rachel Reeves has agreed a top-up to her budget of between £500million and ...