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Reform UK Proposes £575 Billion Sovereign Wealth Fund Amid Criticism

2/24/2026

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Reform UK Proposes Fund

Reform UK plans a British Sovereign Wealth Fund by merging local government pensions, potentially £575 billion, with Richard Tice of Reform UK outlining investments in technology and growth.
Critics, including former Pensions Minister Steve Webb, warn the BSF would differ in risk from traditional funds that must prioritize stability.
The proposal follows Labour's 2024 pension-pooling legislation, prompting questions about liquidity and fiduciary duties for current pensioners.

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Tice's Growth Strategy

Richard Tice, Reform UK spokesman for business, trade, and energy, will announce 'super department' covering business, trade, energy, and housing to boost growth toward 4% and abolish regulations, including net-zero commitments.
Tice faces criticism for his environmental stance.
Claims that he would remove powers from the Scottish Parliament or erase environmental protections lack evidence.
Tice supports fracking, aims to increase domestic energy production, and proposes tariffs on Chinese cars.

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Reform UK Proposes Fund

Reform UK plans a British Sovereign Wealth Fund by merging local government pensions, potentially £575 billion, with Richard Tice of Reform UK outlining investments in technology and growth.
Critics, including former Pensions Minister Steve Webb, warn the BSF would differ in risk from traditional funds that must prioritize stability.
The proposal follows Labour's 2024 pension-pooling legislation, prompting questions about liquidity and fiduciary duties for current pensioners.

1 / 2