Funds

Funds

Rachel Reeves tells town halls to use their pension funds to fuel growth

Stay informed with free updatesSimply sign up to the Pensions industry myFT Digest -- delivered directly to your inbox.Rachel Reeves has threatened to force town hall pension funds to pool their £360bn of assets at greater scale unless they do so voluntarily, as she launches a wider review of Britain’s pension system. The Local Government Pension Scheme for England and Wales (LGPS) is in theory the seventh largest pension fund in the world. Yet in practice it is administered by 86 separate council pension funds, making it harder for them to...
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