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Labour’s Pension Plans Remind Me of Communist China, Says Lloyds Chief

UNITED KINGDOM, JUL 7 – Lloyds CEO Charlie Nunn says Labour’s pension fund mandates risk breaching fiduciary duties and compares them to capital controls in China, opposing forced UK asset investments.

Summary by The Independent
Proposed £25bn megafunds will seek to create more long-term wealth for people

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  • 67% of the sources lean Right
67% Right
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The Independent broke the news in London, United Kingdom on Monday, July 7, 2025.
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