Osborne to force LGPS into six 'wealth funds' to invest in UK infrastructure

Stephanie Baxter
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The Local Government Pension Scheme's (LGPS) 89 funds will be pooled into six British wealth funds to invest billions in infrastructure, the Chancellor has revealed.

Speaking at the Conservative Party annual conference this morning, George Osborne said the move would save "hundreds of millions in costs" and that the wealth funds would invest in regional infrast...

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