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.
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