Investors call for UK government to reform defined benefit pensions

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The story "Investors call for UK government to reform defined benefit pensions" was covered 5 days ago by Financial Times, a news publisher based in United States.

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Financial Times 5d ago

Investors call for UK government to reform defined benefit pensions - Financial Times

Quick Summary:

The UK government should prioritise reform of the UK’s £1.2tn defined benefit pensions system to unlock billions of pounds for investment, according to asset managers.

In an interview with the Financial Times last month, pensions minister Emma Reynolds said she had prioritised reforming defined contribution workplace schemes because that was “where the growth is”.

The Department for Work and Pensions said it was reviewing responses from the previous government’s consultation on options for defined benefit schemes and a decision on surplus flexibilities “will be made in the coming months”.