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UK businesses handed pension surplus to invest under pro-growth push

( January 28, 2025, 08:38 GMT | Official Statement) -- MLex Summary: Changes to UK pensions rules will allow surplus funds to be shared with the sponsoring employer, for example to boost wages, invest in equipment or to provide additional benefits to pension members, the government said today. Seventy-five percent of pensions are in surplus, worth 160 billion pounds. As part of the government’s pro-growth agenda, restrictions will be lifted on how well-funded, occupational defined-benefit pensions are able to invest their surplus funds. Statement below....

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