The UK government's pension reform plan aims to create £25 billion 'megafunds' to encourage local investments and stimulate economic growth. These reforms, inspired by successful models in Australia and Canada, are expected to yield better returns for pension holders, as stated by Chancellor Rachel Reeves. Seventeen major pension firms have already expressed support for these changes, although concerns persist regarding government mandates on investment strategies. Stakeholders believe this move could enhance governance and diversification in pension schemes, facilitating improved retirement outcomes for members.
These reforms mean better returns for workers and billions more invested in clean energy and high-growth businesses.
Increased consolidation has the potential to improve retirement outcomes through improved governance, wider investment diversification, and improved bargaining power.
Collection
[
|
...
]