UK plans mega pension funds to unlock £80 bn investment
- Posted on November 14, 2024
- By Business News Today
- 1 Views
UK plans mega pension funds to unlock £80 bn investment
British finance minister Rachel Reeves announced plans to create mega pension funds by pooling assets from local government and workers' schemes. This initiative aims to unlock around £80 billion (or $104 billion) for investments in infrastructure and businesses, potentially boosting economic growth and retirement savings. The model draws inspiration from similar successful schemes in Australia and Canada.