Reeves to create LGPS and DC 'megafunds' in Mansion House growth bid

Chancellor to unveil ‘biggest pension reforms in decades’

Martin Richmond
clock • 3 min read
Reeves  to create LGPS and DC 'megafunds' in Mansion House growth bid

Chancellor Rachel Reeves will announce plans to create pension “megafunds” through a series of reforms to the Local Government Pension Scheme (LGPS) and defined contribution (DC) schemes as part of the government’s bid to generate economic growth and boost retirement outcomes.

In her maiden Mansion House speech, to be delivered later today (14 November), Reeves will announce the measures as part of the "biggest pension reforms in decades". The government said while the L...

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