UK set to create new pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves is set to announce plans later Thursday to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s sub-par economic growth.
'New pension megafunds plan will unlock billions for investment in infrastructure,' says Labour Minister
The UK Government plans to create pension megafunds that could unlock billions of pounds for infrastructure investment, Pensions Minister Emma Reynolds has told GB News. The initiative aims to consolidate existing pension schemes into larger funds capable of making substantial investments in major projects across Britain.
Chancellor to create pension 'megafunds' to drive economic growth - here's how it would work
A government plan to use people's pension savings to boost economic growth has broad public support, new research reveals. Do YOU think it's a good idea - take our poll.
Pension 'megafunds' to be created to boost investment and economic growth
Pension "megafunds" are set to be created to help unlock billions of pounds of investment in businesses and infrastructure. Rachel Reeves will use her first Mansion House speech as Chancellor to outline the pensions shake-up.
UK Government Launches Pension Megafunds to Boost Economic Growth and Infrastructure
The UK government is set to implement major reforms in the pension sector by consolidating assets into “pension megafunds,” aimed at unlocking investment for critical infrastructure and fast-growing businesses.
Reuters8h
UK must keep trade open and EU close in fragmenting world, Bank of England's Bailey says
Bailey says open trade vital to boost weak investment Brexit contributed to weakening of UK trade flows, he adds 'We must .
UK made bad decisions in buying ex-prison to house asylum seekers, says report
Since winning the general election in July, the Labour government has scrapped Conservative plans to deport asylum seekers to Rwanda, and closed the Bibby Stockholm barge where several hundred ...
Politico Europe2h
UK’s Reeves pledges to ‘work closely’ with Trump as tariff threat looms
In her speech to City of London attendees, the chancellor said the U.K. would not reverse Brexit but the country “must reset ...
UK regular pay grows at slowest pace in two years, pointing to lower inflation
British wage growth excluding bonuses fell in the third quarter to its lowest in over two years, official data showed on ...
Yorkshire blood nurse named UK's best
A haemophilia nurse from South Yorkshire has been named the best in the country. Cathy Harrison, an advanced nurse ...
UK Scrutinizes How Private Credit Lenders Value Their Holdings
The UK’s Financial Conduct Authority has been questioning top private credit managers about how they assess the worth of ...
1.1 Million UK NHS Employee Records Exposed From Microsoft Power Pages Misconfiguration
Over a million NHS employee records were exposed online due to a misconfiguration on Microsoft Power Pages, security ...
GlobalCapital2h
UK banks flocking to tight RMBS market to release RWA
UK banks are turning to their mortgage books as part of a capital optimisation drive — and hefty tightening in the RMBS ...
UK's Starmer sets out new 2035 climate goal
Prime Minister Keir Starmer said Britain would cut greenhouse gas emissions by 81% by 2035 as he committed the country to a ...
Starmer: New UK target for 81% emissions cut by 2035
Prime Minister Sir Keir Starmer has announced fresh climate change targets at a global summit, saying he wants the UK to lead ...
MAFS UK reunion airs dramatic cliffhanger for Kieran and Kristina
Married at First Sight UK season 9 reunion offered viewers plenty of drama, but ended on a hopeful note for Kristina Goodsell ...
UK watchdog urges Supreme Court to act as $21 billion motor finance scandal looms
Britain's Financial Conduct Authority is pressing the Supreme Court to expedite a decision to permit lenders to appeal a ...