Robber Reeves Wants To Amalgate 86 Council Pension Funds.

OTOH in recent years some councils have gone bust because of unwise investments, presumably made by council officials who were supposed to know what they were doing.

This awful news for anyone with a pension pot. Someone or other, consortium men in suits, will be responsible for `investing` all that money and there will be no more trustees, who currently oversee each individual wrt drawdown, etc. It is complicated but believe me, if things go belly up, billions will be lost from individuals. We are being drawn more and more into communism and dictatorship. Not just scary but terrifying, life savings could well be decimated at a stroke