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The government hopes LGPS reform will allow them to invest more in assets like infrastructure, supporting economic growth and local investment.
Plans by chancellor Rachel Reeves to create a number of Local Government Pension Scheme (LGPS) “megafunds” raises concerns over indirect government influence on investment decisions, industry figures say.
The chancellor's plans – to be announced in her maiden Mansion House speech this evening – will see LGPS assets consolidated into a "handful" of megafunds. The government said this move would allow...
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