Britain’s government wants bigger pension funds
That will help savers but won’t boost growth much
Over the past decade of political turmoil, few goals of government policy have been quite so consistent as that of rationalising the country’s mishmash of pension schemes. In a speech in the City of London on November 14th Rachel Reeves, the chancellor, announced plans to consolidate local government pension schemes (LGPSs) into “megafunds”. Back in 2015 George Osborne, a previous chancellor, inaugurated his own push to merge them into “British wealth funds”.
Explore more
This article appeared in the Britain section of the print edition under the headline “Megafund pool party”
Britain November 23rd 2024
- Where British MPs should look before the vote on assisted dying
- How to fix palliative care in Britain
- Britain’s new government may cut the number of Channel crossings
- Britain’s government wants bigger pension funds
- The story of Britain’s “ginaissance”
- A sticking-plaster policy for Britain’s strained courts
- Assisted dying and the two concepts of liberty
From the November 23rd 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Are British voters as clueless as Labour’s intelligentsia thinks?
How the idea of false consciousness conquered the governing party
The best British companies to work for to get ahead
A new ranking of firms by pay, promotions and hiring practices
How the best British employers find and promote their staff
No degree? Some employers care much less than others
A tiny island fights the scourge of plastic on the beach
A Northern Irish experiment in recycling
A sticking-plaster policy for Britain’s strained courts
Magistrates get more power. Will they get punch-drunk on it?