Rachel Reeves’s radical pension reforms risk putting retirements in danger and leaving taxpayers “on the hook” if investments go wrong, experts have warned. The Chancellor says she is “going for growth” with major reforms she will announce on Thursday in a Mansion House speech.

Rachel Reeves wants to amalgamate 86 local government pension schemes into a handful of “megafunds” worth £360billion which will be encouraged to invest more money in the shares of UK companies. The Labour Chancellor outlined her pensions shake-up in last night’s Mansion House speech.

THE government is set to announce huge plans to create “pension megafunds” in a bid to boost both savers’ retirement pots and investment in the UK. Chancellor Rachel Reeves will

Rachel Reeves will announce she wants to reform the pension system in order to boost economic growth. The UK's first female Chancellor will deliver her first Mansion House speech to city chiefs at 9pm today and will announce that she wants to create pension 'megafunds' which could result in around £80bn to invest in businesses and infrastructure.

Chancellor Rachel Reeves will use her first Mansion House speech to set out radical reform of pension system that could turbo-charge investment

The chancellor will tonight deliver her first Mansion House speech, and is expected to set out reforms to the pensions market to unlock investment in British infrastructure. Listen to Politics At Jack and Sam's as you scroll.

Rachel Reeves’s radical pensions reforms risk putting retirements in danger and leaving taxpayers “on the hook” if investments go wrong, experts have warned.

Chancellor Rachel Reeves wants to copy the way Canada and Australia group their pension funds together in a bid to increase investment. The government believes this could bring in an extra £80bn of funding.

Right-wing think tank welcomes Rachel Reeves’ pension ‘megafunds’ overhaul - Rachel Reeves will promise the biggest overhaul of the pensions market in decades as she addresses the City of London