Will Rachel Reeves' public sector pensions plans work?

Quick Summary:

The Chancellor says she wants to "fire up the UK’s economy” with a "Canadian-style" pensions model.

By diversifying investment, the government says the plans could boost pension pots by £11,000 and pour £8bn into the economy.

The government claims Ms Reeves' pensions review will "boost investment, increase pension pots and tackle waste in the pensions system".

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Article Details

Category: Business

Markets: United KingdomCanada

Topics: Government Funds Says Schemes Canadian Local Plans Assets Pension Pensions Scheme

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 21:26:03 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 960 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 21974531

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Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

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