Pension ‘megafunds’: How do they work and is bigger always better?

The Government said said the changes could unlock around £80 billion of investment for infrastructure projects and businesses (Gareth Fuller/PA) - (PA Wire)

Chancellor Rachel Reeves has said she is “going for growth” with a shake-up of the pensions market that will unlock tens of billions of pounds of investment in business and infrastructure.

Here is a look at what has been said about the plans for pension “megafunds” being outlined on Thursday in Ms Reeves’s first Mansion House speech as Chancellor.