Britain’s bold plan to create super funds

Quick Summary:

The funds also need to be professionally run, with the right risk controls in place to protect savers’ money and oversight from the authorities.

Larger funds can lower their unit costs by saving on the fees and bureaucracy that come with managing smaller pots.

She also has plans to impose minimum size requirements on multiemployer DC schemes, which are forecast to manage £800bn in assets by the end of the decade.

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Article Details

Author / Journalist: The editorial board

Category: MarketsFinanceInvesting

Markets: United StatesAustraliaCanada

Topics: Britain’s Financial Pension Infrastructure Investment Funds Reeves Investments Schemes Plans Assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 18:08:09 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 678 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23590276

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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