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Unlocking UK pension fund surpluses will benefit businesses, minister says

By Phoebe Seers ( January 28, 2025, 11:26 GMT | Insight) -- Changes to UK pension rules that will allow businesses to invest surplus funds are about leveling the playing field, new financial services minister Emma Reynolds has said in her first appearance before Parliament's Treasury Committee. Only around 10 percent of businesses can currently access surplus pension funds, but legislative changes could see all have access where pension trustees agree it is in members' interests. Details will be published in the spring.Changes to UK pension rules that will allow businesses to invest surplus funds are about leveling the playing field, financial services minister Emma Reynolds has said. Currently, only around 10 percent of businesses can access surplus pension funds....

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