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Chancellor to shake-up council pension schemes
By Abigail Townsend
Date: Thursday 14 Nov 2024
(Sharecast News) - Rachel Reeves is to use her first Mansion House speech as chancellor to unveil a slew of reforms to UK pension rules.
In particular, the government wants to combine 86 council pension schemes into just eight so-called megafunds, mirroring similar local government pension schemes in Canada and Australia.
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