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

Chancellor unveils ‘biggest pension reforms in decades’

Martin Richmond
clock • 4 min read
UPDATE: Reeves to create LGPS and DC 'megafunds' in Mansion House growth bid

Chancellor Rachel Reeves has announced 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, delivered today (14 November), Reeves announced the measures as part of the "biggest pension reforms in decades". The government said, while the LGPS and DC m...

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Martin Richmond
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Martin Richmond

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