Reeves must go bigger and bolder on local pensions reform

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Financial Times 3d ago

Reeves must go bigger and bolder on local pensions reform - Financial Times

Quick Summary:

This is weak sauce: she should be bolder if she really wants to replicate the might of overseas pension funds.

Others point to “vested interests” — for which read local politicians, fund managers, pensions advisers — not wanting to cede control, or lose the fees they rake in from administering authorities.

Reeves now wants all funds to delegate the management of all their assets to their chosen pool.