💨 Abstract

Chancellor Rachel Reeves has announced a pension reform that will create 'megafunds' to unlock billions for business and public service investment. The proposal aims to consolidate pension schemes into a few funds for larger global investments, similar to the Canadian and Australian models. These changes are expected to unlock around £80 billion for investment, with over £20 billion for local communities.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖