Rachel Reeves pools £1.3trillion of pension savings in bid to boost investment in Britain and rip up financial red tape ...Middle East

THE Chancellor last night attempted to win back the City with plans to create pension megafunds to boost investment in Britain and rip up financial red tape. Just a fortnight after her Budget received a frosty reception, Rachel Reeves told businesses she was still “going for growth”. GettyAndrew Bailey, Governor of the Bank of England, last night agreed that the UK pension system had been ‘too fragmented’ to encourage ‘investment in the real economy’[/caption] Ms Reeves wants to create her “megafunds” by pooling £1.3trillion of pension savings hel

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