UK’s fin min Reeves to release corporate pension funds to help investment fuel growth

UK Chancellor of the Exchequer Rachel Reeves will speak on Wednesday. Sky reports that:

• Reeves will say she wants to use so-called surplus release to boost investment in the economy
• Government sources said it could unlock more than £60bn of pension surpluses held in defined benefit (DB) schemes, while other estimates suggested the figure could be in the region of £100bn.
• a meeting had taken place earlier this month which discussed the surplus release plan in detail

More here.

Governments want access to pensions. What could possibly go wrong?

This article was written by Eamonn Sheridan at www.forexlive.com.