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UK to set pension 'megafunds' with new government’s bill

By Sofia Gerace ( November 13, 2024, 22:02 GMT | Insight) -- The UK government is set to introduce the Pension Schemes Bill next year in order to consolidate smaller UK pension funds into large ones. The bill will apply to both local government pension schemes and defined contribution schemes. The UK finance ministry said the move would allow for higher levels of productive investment.The UK finance ministry will introduce a bill to consolidate pension funds in the UK, creating “megafunds” that can scale up investment....

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