The government must mitigate the restrictions on how certain pension plans are managed, as part of efforts to stimulate economic growth.
The Treasury said that the pension plans defined by profit have a total surplus of 160 billion pounds sterling, but under current rules, a large part of the money is trapped and cannot be invested in the economy more wide.
The government has made growth in growth in its main priority in order to increase the standard of living, but recent figures indicate that the economy is struggling to develop.
The Prime Minister and the Chancellor will meet business owners such as Tesco, BT and Unilever while they are trying to attract more investments in the United Kingdom.
On Wednesday, the meeting was before a speech by Chancellor Rachel Reeves where she should focus on measures aimed at stimulating growth in the middle of speculation that the government will support a third track at Heathrow airport.
The Chancellor told MPs on Monday on Monday that there were “no easy roads” to economic growth. She added that ministers must start saying “yes” to new projects and go “further and faster” to stimulate the economy.
Consultation on pension reform hopes to unlock billions of books in certain services defined for alternative use in the economy, pension plans or the company.
Defined service pensions, sometimes known as a final salary system, are directly linked to the salary and the service duration of a worker.
Three -quarters of the funds paying these pensions are surplus – which means that they have effectively more money than necessary to respond to these retirement payments.
Some pension experts have warned that there are risks concerning the redeployment of these funds, but the pension regulator (TPR) has expressed support for government plans.
“When the diets are fully funded and there are protections in place for members, we support efforts to help administrators and employers think about how to free up over. Advantages of members or unlock investments in the wider economy, “said Nausicaa Delfas, Managing Director of TPR.
