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Pension ‘megafunds’ will boost growth and reward British savers – Reeves

  • Rachel Reeves plans to create pension "megafunds" to boost growth and reward British savers, as stated in her Mansion House speech.
  • The megafunds could bring in £80 billion to invest in businesses and infrastructure, announced Reeves.
  • The reforms will consolidate defined contribution schemes and pool assets from 86 local government pension scheme authorities, according to Reeves.
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