Reeves outlines plan for £25bn pension 'megafunds'
Source: BBC
Lucy HookerBusiness reporterGetty ImagesThe 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…
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