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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.
29m
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 ...
Daily Mail
15m
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 ...
1h
on MSN
UK snow next week with two parts of England having '100% chance' of being hit
England faces a pummelling from the white stuff with a barrage of Arctic weather sweeping, according to WX Charts maps and ...
1h
The UK’s best roast dinners revealed – so does your local make the list?
IF you’re a big fan of Sunday roasts, a new study has ranked the best in the UK – with the winning place going to a pub in ...
10h
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 ...
Yen on MSN
1h
UK government announces ban on new coal mines
LONDON: The UK announced on Thursday (Nov 14) that it will introduce legislation to ban new coal mines, as the Labour ...
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 ...
18h
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.
21h
Brands told to rein in ‘aggressive’ trademarks after UK court ruling against Sky
Media company had claimed intellectual property rights for goods including antiperspirants, tuxedos and biofuels ...
Reuters
2d
AstraZeneca: 450 million pound investment in UK under review amid talks with govt
"We're still in discussions with the (
UK
) government to figure out what type of incentives there may be. We don't have ...
7h
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 ...
3h
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 ...
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