UK Plans to Adopt Canadian Pension Model to Boost Economy

Chancellor Rachel Reeves seeks to consolidate fragmented pension schemes to unlock billions in investments and improve returns.

Reeves to meet with heads of Canada's major pension funds in Toronto.
The UK aims to consolidate 86 local government pension funds into a single large fund.
The initiative is expected to drive investments in infrastructure and equities.
A new review will explore how to achieve scheme consolidation and promote growth.
Industry leaders have welcomed the review, signaling confidence in the plan.