Plans to significantly invest £160bn from surplus funds of final salary pension schemes into the UK economy have hit a snag. A report from the Department for Work and Pensions indicates that only about £11bn might be available due to businesses preferring to offload their pension liabilities. The Chancellor's strategy to use private funds for economic growth is challenged by these limitations, especially with upcoming growth plans from Rachel Reeves. Efforts are being made to unlock these funds through legislative changes to improve investments in British businesses.
Plans to invest £160bn of surplus funds from final salary pension schemes to boost the UK economy over the next 10 years have been dealt a blow by a Whitehall assessment that found there was likely to be little more than £11bn available to spend.
It is estimated that an additional £11.2bn surplus will be extracted as a result of the preferred option to legislate over a 10-year period, the report said.
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