Could the UK government’s pension shake up impact you?

The Chancellor Rachel Reeves will unveil plans to consolidate the UK’s sprawling £400bn local authority pension schemes today in a bid to unlock a wave of investment into the UK. In her first Mansion House speech in the City, Reeves is expected to announce a new Pension Schemes Bill to be introduced next year, aiming to unlock £80bn of new investment into business and infrastructure. The 86 different local government pension schemes manage assets between £300m and £30bn, with local government officials and councillors managing each fund. “Last month’s Budget fixed the foundations to restore economic stability and put our public services on a firmer footing. Now we’re going for growth,” said Reeves. Get more of the story 👇 https://www.cityam.com/reeves-eyes-80bn-investment-with-pension-megafunds/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Elliot Gulliver Needham, Larissa Howie, Joseph Teneda Curray