Reeves Plans Law to Make Pension ‘Megafunds’ in Growth Push
- Chancellor says move could unlock £80 billion extra investment
- Speaks in Bloomberg TV interview ahead of Mansion House speech
Rachel Reeves
Photographer: Hollie Adams/BloombergChancellor 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.
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