'Rachel Reeves wants to hijack your pension'

'Rachel Reeves wants to hijack your pension'

Experts warns that compelling pensions funds to invest in the UK could leave millions of Britons worse off in retirement.

The Guardian view on Labour’s pension reforms: building on flawed foundations | Editorial - Business Fast

When Otto von Bismarck introduced the world’s first pension system in 1889, he could hardly have imagined the colossal wealth that people would one day save towards retirement. Britain’s pension funds look after a collective £2tn, almost as much as the country’s annual economic output. Rachel Reeves wants them to invest this money in regenerating decrepit infrastructure. The rationale for the chancellor’s proposition is clear. So too are its fla…