Rachel Reeves proposal to consolidate local authority pension plans into a small number of 'megafunds' seems sensible & draws lessons from Australia & Canada.

But, what will be key is how she shapes (or doesn't shape) any investment strategy requirements.

If she seeks to use the £360bn in assets to back her favoured ventures, there is an interesting issue about the fiduciary responsibility of scheme trustees to their members; Much will depend on the detail

#pensions #investment
h/t Guardian

ICYMI: As Rajiv Prabhakar (OpenU) points out, its not just the gender pay gap that is a problem, its the long-term impact of that gap on pension provision for women. As he points out, this means the cost(s) to individual women of unpaid care continue into later life.

For those who have retired already, there is little (other than benefits) that can be done, for women still in work, any reduction in the gap will have some positive impact on pensions!

#women #pensions

https://theconversation.com/how-the-gender-pay-gap-evolves-into-a-gender-pension-gap-242506

As Rajiv Prabhakar (OpenU) points out, its not just the gender pay gap that is a problem, its the long-term impact of that gap on pension provision for women. As he points out, this means the cost(s) to individual women of unpaid care continue into later life.

For those who have retired already, there is little (outside the benefits system) that can be done, for women still in work, any reduction in the gap will have some positive impact on pensions!

#women #pensions
https://theconversation.com/how-the-gender-pay-gap-evolves-into-a-gender-pension-gap-242506