Reuters Chancellor Rachel Reeves says she wants pension schemes to “fire up the economy” Plans for a major shake-up of pension funds have been announced by the chancellor, Rachel Reeves. She wants to create pension “megafunds” by merging the UK’s 86 council schemes, using the set-up in Canada and Australia as a model. Other proposals suggest pension schemes need to reach a certain size or pool together. Larger funds could
Chancellor Rachel Reeves is planning what she calls the “biggest pension reform in decades” in an attempt to boost economic growth. The government wants to merge the UK’s 86 council pension schemes into a handful of “pension megafunds”. It is hoped the changes will lead to billions of pounds being invested in the UK in areas such as energy infrastructure, tech start-ups and public services. Reeves told the BBC that
Breadcrumb Trail Links Personal Finance Retirement Taxes Jamie Golombek: One-year lag in pension adjustment calculations can cause confusion for taxpayers and lead to RRSP contribution errors Published Nov 07, 2024 • Last updated 20 hours ago • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Taxpayers who participate in their employer’s registered pension plan (RRSP) may find their RRSP
Breadcrumb Trail Links Personal Finance Retirement John Graham: Younger Canadians will live longer, making pension savings even more important Published Nov 07, 2024 • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. John Graham, president and CEO of CPP Investments, takes part a Q and A session during a Calgary Chamber of Commerce luncheon at the Westin Hotel
