Reeves seeks to unlock billions from UK pension schemes for investment

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Financial Times 1d ago

Reeves seeks to unlock billions from UK pension schemes for investment - Financial Times

Quick Summary:

Chancellor Rachel Reeves is looking to free up billions of pounds from the UK’s £1.2tn defined benefit pension system in her latest attempt to kick-start growth.

A review into pensions adequacy — which the government had hoped would drive more investment into the UK — has been delayed indefinitely.

Halting this trend could help support UK government bond and equity markets in the longer term because insurance companies typically sell gilts and invest in higher yielding corporate bonds — many of which are overseas — as well as infrastructure to make their profits.