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.
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professionals desert Elon Musk’s network
In response to a shift towards the right, misinformation, and lack of moderation on Elon Musk's social media platform X, high-profile figures like Jamie Lee Curtis and Stephen King have left, sparking an exodus with 60,000 daily account deactivations. This departure has impacted professionals like teachers and doctors who utilized X for networking and community-building, leading some organizations like Balenciaga and The Guardian to also withdraw. While some have found alternatives like Bluesky, others like...
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