RE: Pension reform FPP17 Jun 2025 09:46
The government has fleshed out its plans for reforming the UK pension industry, including the creation of £25bn "megafunds" which will be instructed to make a portion of their investments locally to help fuel economic growth.
The chancellor said the overhaul, designed to follow the example of Australia and Canada's huge pension investment funds, would also boost people's pension pots.
"These reforms mean better returns for workers and billions more invested in clean energy and high-growth businesses," Rachel Reeves said.