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UK pension investment review published by finance ministry

( May 28, 2025, 23:02 GMT | Official Statement) -- MLex Summary: The UK finance ministry has published the findings of its pension investment review and committed to increasing the number of Britain's pension 'megafunds' by 2030. The government's plan is to see the consolidation of Local Government Pension Schemes and multi-employer defined contribution pension schemes into funds managing at least 25 billion pounds. The ministry argued that the move will save funds up to 1 billion pounds per year through economies of scale. It also said it will take a reserve power in the upcoming Pension Schemes Bill to set binding asset allocation targets.Statement is attached....

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