"Rachel Reeves has announced plans to merge local government retirement schemes into eight Canada-style megafunds, part of the biggest reform of the UK pension market in decades."
"The plan aims to pool assets from 86 separate local government pension schemes into eight megafunds by 2030, each worth an average of £50bn."
"The government hopes that larger retirement funds will be able to invest in a wider range of riskier and long-term assets, enhancing growth for UK businesses."
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