In her first Mansion House speech as Chancellor, Rachel Reeves announced plans for megafunds which she said could unlock £80 billion for investment

Rachel Reeves looks set to "rip up financial red tape" as she introduces all-new pensions "mega funds' that could free up £80 billion for potential investment.

Right-wing think tank welcomes Rachel Reeves’ pension ‘megafunds’ overhaul - Rachel Reeves will promise the biggest overhaul of the pensions market in decades as she addresses the City of London

Rachel Reeves’s radical pension reforms risk putting retirements in danger and leaving taxpayers “on the hook” if investments go wrong, experts have warned. The Chancellor says she is “going for growth” with major reforms she will announce on Thursday in a Mansion House speech.