The Guardian view on Labour’s pension reforms: building on flawed foundations | Editorial

Pension funds should be investing more in Britain. But Rachel Reeves needs a better plan for this to benefit both pensioners and public infrastructureWhen Otto von Bismarck introduced the world’s first pension system in 1889, he could hardly have imagined the colossal wealth that people would one day save towards retirement. Britain’s pension funds look after a collective £2tn, almost as much as the country’s annual economic output. Rachel Reeves wants them to invest