** UK Plans Large Pension Funds, Aiming to Boost Savings and Investment in Retirement

The UK government is considering introducing "megafunds" - large pension funds designed to pool resources and boost savings for retirement. The proposed funds aim to increase investment opportunities and provide more comprehensive coverage for workers.

This move follows concerns about the country's aging population and the need for secure retirement planning. Details on implementation, funding, and management of these megafunds are still being discussed.

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Source: https://www.bloomberg.com/news/audio/2024-11-14/bloomberg-daybreak-europe-uk-plans-pension-megafunds-podcast