Chancellor Vows ‘Big Bang on Growth’ With Pension Reform

Pensions minister Emma Reynolds will lead a review of the pensions landscape, with the first phase focused on driving investment.

Chancellor of the Exchequer Rachel Reeves during a meeting of the National Wealth Fund Taskforce in 11 Downing Street, Westminster, London, on July 9, 2024. Justin Tallis/PA Wire

Chancellor of the Exchequer Rachel Reeves launched a review of pension schemes on Saturday in a bid to boost investment by billions and deliver better returns for pensioners.

As part of her ambition to lead a “big bang for growth,” the chancellor outlined plans to pool pension funds and get them to invest in infrastructure, small businesses, and other projects.