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UK pension funds asked for feedback on creation of 'megafunds'

( November 15, 2024, 08:52 GMT | Official Statement) -- MLex Summary: UK pension funds have been asked by the government to respond to consultations on consolidating Local Government Pension Schemes (LGPS) and defined-contribution pensions. The government said that larger funds will scale up investment. UK finance minister Rachel Reeves launched the consultations following her Mansion House speech. The focus remains on consolidation for now, although the government has not excluded the implementation of measures to direct investment, specifically in the domestic market in the future.Pensions Investment Review interim report, consultations, and analysis are attached....

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