Reeves in radical pension shake-up to boost growth

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The story "Reeves in radical pension shake-up to boost growth" was covered 2 days ago by BBC Business, a news publisher based in United Kingdom.

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Reeves in radical pension shake-up to boost growth - BBC Business

Quick Summary:

The chancellor wants to merge the UK's pension funds but critics worry about the impact on savers.

Gervais Williams, head of equities at Premier Miton, said combining smaller schemes into megafunds was a "mistake"."They've always been able to invest in big companies, but also small companies.

Chancellor Rachel Reeves is planning what she calls the "biggest pension reform in decades" in an attempt to boost economic growth.