ECONOMIC GROWTH

Government 'should go further' on pooling pensions

Two or three infrastructure local government pension scheme (LGPS) super pools would boost jobs and fuel economic growth, investment manager BNY Mellon has told the Government.

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By Dan Peters | 19 February 2016

Two or three infrastructure local government pension scheme (LGPS) super pools would boost jobs and fuel economic growth, investment manager BNY Mellon has told the Government.

A report by BNY Mellon, submitted to a government consultation that closes today, urged Whitehall to go even further than its proposals to pool the 89 LGPS funds into around six ‘British sovereign wealth funds' of at least £25bn each.

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Dan Peters

Popular articles by Dan Peters

  1. Rayner: Prescott was an inspiration to me
  2. New anti-social behaviour powers planned for councils
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