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Rachel Reeves to create pension 'mega funds' to invest in infrastructure

  • Rachel Reeves plans to create pension 'mega funds' to help unlock 80 billion pounds for infrastructure investment.
  • The proposal involves merging 86 local authority pension funds in England and Wales into larger funds managed by professionals.
  • Reeves stated that the changes would "unlock tens of billions of pounds of investment in business and infrastructure" and boost retirement savings.
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