Chancellor Rachel Reeves is set to unveil major pension reforms to merge council pension schemes and create “pension megafunds” to boost UK growth by unlocking £80 billion in investment for infrastructure projects and businesses. The government aims to consolidate schemes, mirroring Canada and Australia, to drive higher returns for pension savers and the economy, but experts caution about potential risks to savers’ money. While changes may impact pension administration and investment options, consultations and reports will precede any implementation, ensuring a gradual transition for affected pension holders.
Full Article
1 Magnificent Dividend King Down 30% to Buy and Hold Forever
Nucor (NYSE: NUE) stands out as a leading North American steelmaker and a Dividend King, currently perceived unfavorably by Wall Street, which may present a buying opportunity for long-term investors. The company's use of electric arc mini-mills allows for flexible production adjustments based on demand, supporting profit margins throughout industry cycles. Want More Context? 🔎
Read more