Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Reform UK government would consolidate local council pension schemes into a near-£500bn “sovereign wealth fund” that it claims would boost economic growth by investing in British businesses. Reform deputy leader Richard Tice said it
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Reform UK government would use the near-£500bn assets of local council pension schemes to establish a sovereign wealth fund that it claims would boost economic growth by investing in British businesses. Reform deputy leader
Malawi’s largest public pension fund is sitting on a powder keg of mismanagement: K90.4 billion in unpaid pension contributions, K11.5 billion not credited to members, K4.9 billion paid out for a hotel project while the fund had no board, and a K463 million loss on a land deal in Lilongwe—all uncovered in a confidential regulatory
However Torfaen Borough Council’s cabinet will be told there is uncertainty over how much it will actually receive and whether it will have complete control over how all the money is spent with council officers also highlighting other concerns on how the fund will operate. The Labour cabinet is being asked to approve its outline Local Growth Fund investment plan when it meets
The government has announced a £4bn package for improving services for children with special educational needs and disabilities ahead of the upcoming schools white paper. As part of this fund, over £200m will go towards family hubs to fund a dedicated Send “outreach and support offer” and a further £200m to “ensure all local authorities
Responding to the announcement of more money targeted towards making mainstream schools more inclusive, Matt Wrack, general secretary of the union NASUWT, said: “£1.6bn over three years may sound like a lot of money, but it equates to just a few thousand pounds per setting.” He said it was “ridiculous” to suggest the system could
The Chronicle Sunshine Fund has become the custodian of the Ponteland Duck Race, which was established in 1985 Ponteland Duck Race(Image: Ponteland Rotary Club) The Chronicle Sunshine Fund is set to take over a historic event in a Northumberland Village. The charity, which provides specialist and adapted equipment to children and families living with disabilities
SelectStock / iStock/Getty Images Building up an emergency fund can be a real struggle and many Americans are unprepared for unexpected expenses. According to a January 2025 U.S. News & World Report survey, 42% of Americans don’t have an emergency fund and 40% couldn’t pay for a $1,000 emergency expense. Many feel like it’s impossible
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered twice a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT
Abakkus Mutual Fund on February 20 said it will launch the Abakkus Small Cap Fund, an open-ended equity scheme that will predominantly invest in small-cap stocks. The new fund offer (NFO) will open on February 26 and close on March 12. According to the scheme details, the fund will invest 65% to 100% of its