Emeritus Prof Christopher May on Nostr: Rachel Reeves proposal to consolidate local authority pension plans into a small ...
Rachel Reeves proposal to consolidate local authority pension plans into a small number of 'megafunds' seems sensible & draws lessons from Australia & Canada.
But, what will be key is how she shapes (or doesn't shape) any investment strategy requirements.
If she seeks to use the £360bn in assets to back her favoured ventures, there is an interesting issue about the fiduciary responsibility of scheme trustees to their members; Much will depend on the detail
#pensions #investment
h/t Guardian
But, what will be key is how she shapes (or doesn't shape) any investment strategy requirements.
If she seeks to use the £360bn in assets to back her favoured ventures, there is an interesting issue about the fiduciary responsibility of scheme trustees to their members; Much will depend on the detail
#pensions #investment
h/t Guardian