Haven for Hope to offer free resources, services at open house during Hunger and Homelessness Awareness Week
Britain's Chancellor of the Exchequer, Rachel Reeves, holds up the traditional red ministerial box containing her budget speech, as she poses for the media outside No 11 Downing Street, before departing to the House of Commons to deliver the budget in London, Wednesday, Oct. 30, 2024. Britain's Prime Minister Keir Starmer and Chancellor Rachel Reeves speak with members of staff, during a visit to University Hospital Coventry and Warwickshire, in Coventry, England, Thursday, Oct.
The proposed merger of 86 local authority pension funds in England and Wales has echoes with schemes undertaken in Australia and Canada, where pension funds are widely seen to have taken advantage of their bigger size to invest in assets and boost growth. By 2030, the new Local Government Pension Scheme in England and Wales is set to manage assets worth around 500 billion pounds by 2030.
“Larger pension schemes can help achieve better outcomes for savers through economies of scale, stronger governance, negotiating power and additional resources," said Zoe Alexander, director of policy and advocacy at the Pensions and Lifetime Savings Association, an organization that seeks to bring the industry together and promote best practice.