The UK government is looking to alter how defined benefit pension plans are managed by allowing excess funds to be funneled to private firms. This should also

The government is proposing to ease restrictions on how some pension schemes are managed, as part of efforts to boost economic growth. The Treasury said defined benefit pension schemes have a total surplus of £160bn, but under current rules much of the money is trapped and cannot be invested in the wider economy.

British Prime Minister Keir Starmer and finance minister Rachel Reeves are focusing on reinvigorating the UK economy. Meeting with business leaders, they proposed releasing over £100 billion in pension surpluses for reinvestment.

British Prime Minister Keir Starmer and finance minister Rachel Reeves will meet business leaders on Tuesday to announce pension sector reforms that they hope will boost economic growth and investment.

Restrictions on surplus cash in pension schemes could be eased to get more money into the economy.