Information reaching Kossyderrickent has it that Kev Gillett, a former colleague, confirmed that Rachel Reeves is a Complaints Support Manager at LBG/HBOS after she lied on her CV.
Kev Gillett took to his LinkedIn account to expose Rachel Reeves.
Kev Gillett wrote: “Can my network please share this factual story. Back in 2009 RT Hon Rachel Reeves worked 3 levels below me. Just facts. She’s a Complaints Support Manager at LBG/HBOS. Not an Economist. Nearly got sacked due to an expenses scandal where 3 senior managers were all signing off each others expenses.” READ MORE HERE
Under the plans, the reforms will be introduced through a new Pension Schemes Bill next year, consolidating defined contribution (DC) schemes and pooling assets from 86 local government pension scheme authorities.
The Local Government Pension Scheme in England and Wales will manage assets worth around £500 billion by 2030.
Consolidating the assets into a handful of funds run by professional fund managers will allow them to invest more in assets such as infrastructure, supporting economic growth and local investment on behalf of the 6.7 million public servants, the Government said.
DC pension schemes are set to manage £800 billion-worth of assets by the end of the decade.
There are around 60 different multi-employer schemes, each investing savers’ money into one or more funds. The Government will consult on setting a minimum size requirement for these funds.
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