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.

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

British finance minister Rachel Reeves spelled out her plans to revive the country's slow-moving economy on Wednesday, adding to recent pledges to reform investment and planning rules with a commitment to back airport expansion at Heathrow.

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.

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

In an effort to free up billions of pounds that are now locked up in defined benefit plans, the UK government has announced measures to change pension regulations. In line with the government’s increasing emphasis on wealth creation,