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Nikesh Patel: The framing of this superfund as a ‘sovereign wealth fund’ should raise the heckles of all pension professionals
Last week, Reform UK deputy leader Richard Tice announced that, if elected, his party would consolidate all Local Government Pension Scheme (LGPS) funds into one massive pot with “a strategic British growth mandate”, unlocking billions of pension capital to drive the economic growth we are so desperate for.
See: Reform UK plans £500bn sovereign wealth fund for LGPS and switch to DC Pension consolidation is nothing new. Successive governments have explored the idea, and LGPS consolidation is already...
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