Rachel Reeves wants her maiden Mansion House speech to be about Britain’s plans to go for growth. A fortnight after the Chancellor announced the biggest tax raid in history, she now wants to turn the page and highlight how British pension pots can be harnessed to funnel more cash into productive investment.

Chancellor of the Exchequer Rachel Reeves said the UK will introduce legislation next year to pool £1.3 trillion ($1.7 trillion) of pension savings into a series of “megafunds,” as the new Labour government tries to deliver on its pledge to boost private investment and economic growth.

Rachel Reeves will set out plans to create British ‘megafunds’ - Stefan Rousseau/PA Wire Rachel Reeves will tear up workplace pension rules as part of a broader shake-up that the Chancellor claims will unlock up to £80bn in investment. In her maiden ...