Infrastructure to get £80bn boost from public sector pensions

Public sector pension ‘megafunds’ will be created to unlock £80bn of investment in infrastructure projects.
Chancellor Rachel Reeves has unveiled radical pension reforms which will create megafunds through consolidating defined contribution schemes and pooling assets from the 86 separate Local Government Pension Scheme authorities.
The megafunds mirror set-ups in Australia and Canada – where pension funds take advantage of size to invest in assets that have higher growth