By Tim Baker, political reporterPension 'mega funds' will be created under government plans to increase infrastructure investment.Reforms could 'unlock £80bn' of investment, according to Treasury plans, which say bigger funds can get greater returns.Chancellor Rachel Reeves wants to imitate the way large Canadian and Australian pension schemes work.She will give more details about her plans in a speech at Mansion House on Thursday evening.
This is part of the government's plan to increase economic growth through investing in infrastructure.Pension schemes get greater returns when they reach around £20bn to £50bn as they are 'better placed to invest in a wider range of assets', according to the government.
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