Chancellor’s drive for ‘mega-funds’ could create ‘mega-challenges’
At least week's inaugural Mansion House speech, new chancellor Rachel Reeves announced what she called 'the biggest set of reforms to the pensions market in decades' with the plan to merge local government pension schemes (LPGS) into a series of 'megafunds' along the lines of Australia's 'supers'.The plan is to pool the assets from 86 LGPS in England and Wales, reportedly managing £500 billion in