UK Chancellor proposes reforms to redirect pension funds into domestic projects, aiming to boost the economy.

UK Chancellor Rachel Reeves plans to propose reforms to encourage UK pension funds to invest more in domestic projects like infrastructure and renewable energy. Inspired by Canadian pension models, the reforms aim to boost the economy but may face opposition from pension trustees concerned about returns for their six million members. Reeves hopes the changes will funnel billions into the UK economy, similar to successful Australian and Canadian pension investments.

November 09, 2024
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