Rolling coverage of the latest economic and financial news
Reeves to announce ‘megafunds’ shake-up of local government pension scheme
Tracy Blackwell, chief executive of Pension Insurance Corporation, has backed Rachel Reeves’s pension reforms as “a step in the right direction”.
Blackwell told BBC Radio 4’s Today programme that new pension “megafunds” will benefit the taxpayer.
We think it’s a really important step in the right direction. It really mirrors what has already happened in the defined benefit private sector world.
We can use our economies of scale and expertise to invest in complex projects in the UK.
About Author
More Stories
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz
OpenAI whistleblower who died was being considered as witness against company
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump?