Rachel Reeves has threatened to force town hall pension funds to pool their £360bn of assets at greater scale unless they do so voluntarily, as she launches a wider review of Britain’s pension system.
The Local Government Pension Scheme for England and Wales (LGPS) is in theory the seventh largest pension fund in the world. Yet in practice it is administered by 86 separate council pension funds, making it harder for them to achieve economies of scale when investing.
Over the past decade those funds have become more adept at working together to get economies of scale by sharing eight “asset pools” in various areas.
您已阅读21%（621字），剩余79%（2394字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。