UK unleashes its plans for mega funds
Industry participants have reacted positively to the UK government’s proposed evolution to the local government pension pools, but some pool executives say more clarity is needed on the suggestion that reform could see the establishment of new pool companies or mergers between pools. Either way, the reform signposts significant capacity building and costs for all pools, whatever their starting point.
In her first Mansion House speech last week Chancellor of the Exchequer, Rachel Reeves, launched the government’s much-anticipated, mega fund remedy to drive investment in productive assets and back Britain.
She called for more rapid reform of LGPS pooled funds, including individual funds fully delegating the implementation of…
