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UK set to create new pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves is set to announce plans later Thursday to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s sub-par economic growth.
UK plans mega pension funds to unlock £80 bn investment
British finance minister Rachel Reeves announced plans to create mega pension funds by pooling assets from local government and workers' schemes. This initiative aims to unlock around £80 billion (or $104 billion) for investments in infrastructure and businesses,
Pension ‘megafunds’ to be created to boost investment and economic growth
Reeves plans law to create pension ‘megafunds’ in UK growth push
Chancellor of the Exchequer Rachel Reeves said the UK will introduce legislation next year to pool £1.3-trillion (R30.14-million) of pension savings into a series of “megafunds”, as the Labour government tries to deliver on its pledge to boost private investment and economic growth.
Reeves to create pension 'mega funds' to invest in infrastructure
Pension "mega funds" will be created under government plans to increase infrastructure investment. Reforms could "unlock £80bn" of investment, according to Treasury plans, which say bigger funds can get greater returns.
1h
Why has UK decided to ban new coal mines? What could the economic impact be?
The legislation is expected to have mixed economic effects. In the short term, regions dependent on coal mining may face job ...
27m
on MSN
UK households face '£5,000 to unlimited' fines for mistake when opening post
Good Move have highlighted some offences that could result in hefty fines as we head towards Christmas and the festive season ...
1d
UK Supreme Court's bad faith trademark ruling opens doors to more challenges, lawyers say
British TV company Sky applied for overly broad trademarks over its name in bad faith, the United Kingdom's Supreme Court ...
Daily Mail
1h
A gimp, a nun and an inflatable penis walk into a bar... it must be Benidorm Brits' fancy dress day! 30,000 UK revellers take over Spanish city's streets for annual event
Thousands of rowdy British revellers dressed up as nuns, inflatable penises and gimps have taken to the streets of Benidorm ...
Birmingham Mail
8m
UK tourists flying to France 'could see flights cancelled'
UK
tourists flying to France could see flights cancelled, it has been warned. On the European Union continent, French ...
11h
Yorkshire blood nurse named UK's best
A haemophilia nurse from South Yorkshire has been named the best in the country. Cathy Harrison, an advanced nurse ...
1d
UK watchdog urges Supreme Court to act as $21 billion motor finance scandal looms
Britain's Financial Conduct Authority is pressing the Supreme Court to expedite a decision to permit lenders to appeal a ...
4h
1.1 Million UK NHS Employee Records Exposed From Microsoft Power Pages Misconfiguration
Over a million NHS employee records were exposed online due to a misconfiguration on Microsoft Power Pages, security ...
19h
on MSN
Bahrain activists criticise UK over King Hamad's honorary knighthood
Bahrain rejects as "baseless" a letter from three activists accusing it of mistreating detainees.
8h
on MSN
MAFS UK reunion airs dramatic cliffhanger for Kieran and Kristina
Married at First Sight UK season 9 reunion offered viewers plenty of drama, but ended on a hopeful note for Kristina Goodsell ...
2d
UK Scrutinizes How Private Credit Lenders Value Their Holdings
The UK’s Financial Conduct Authority has been questioning top private credit managers about how they assess the worth of ...
4h
on MSN
UK markets watchdog softens naming and shaming plan
Britain's Financial Conduct Authority (FCA) on Wednesday softened proposals to publicly name some companies under ...
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