Reeves targets using £350bn council pension pot to boost UK economy

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The story "Reeves targets using £350bn council pension pot to boost UK economy" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

Reeves targets using £350bn council pension pot to boost UK economy - Financial Times

Quick Summary:

At the centre of the plans are expected reforms to the UK’s sprawling local government pension scheme.

His reforms aimed to persuade pension funds to invest more in UK assets to boost growth and deliver better investor returns.

The chancellor wants to speed up the consolidation of fragmented local authority funds — in theory the seventh-largest pension scheme in the world — and to have them funnel more money into local projects.