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The Independent UK
The Independent UK
Archie Mitchell

Right-wing think tank welcomes Rachel Reeves’ pension ‘megafunds’ overhaul

Rachel Reeves Tom Selby United Kingdom Economic Growth the City of London

A right-wing think tank has welcomed Rachel Reeves’ plan to create pension “megafunds” in a bid to boost investment in British infrastructure.

The chancellor will tonight set out changes to local government pension pots, consolidating the 86 existing pots into a handful of funds run by professional fund managers.

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