Wikimedia Commons/Kirsty O'Connor
Chancellor Rachel Reeves delivers her first speech on the UK economy on July 8, 2024.

The UK government is considering consolidating multiple local government pension plans to create a ‘Canada-style’ model, according to Bloomberg News, which cited a report in the Times newspaper. Chancellor Rachel Reeves is meeting with the head of Canada’s largest pension funds in Toronto on Wednesday, as she seeks to pool £360 billion of assets, according to the report. Canada’s pension funds, including the Ontario Teachers’ Pension Plan and the Canada Pension Plan, are noted for their significant infrastructure investments, the report said.