Pensions report cuts Reeves’ planned growth funds from £160bn to £11bn

Chancellor had anticipated surpluses from final salary schemes would boost investment in UK economyPlans 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.In a knock to Rachel Reeves’s growth agenda, a report by civil servants at the Department for Work and Pensions (DWP) found that the expected surpluses in occupational schemes would be used by businesses to offload their pension liabilities to insurance companies. Continue reading...

Comments

World news

Trump: 'Not my decision' to bring Kilmar Abrego Garcia back from El Salvador

washington times

Comments

Similar News

Pensions tax and capital gains raid likely targets for Reeves

How new pension inheritance tax raid could hit small family businesses

Labour rejects plan for new law to protect vulnerable pensioners’ finances

Firefighters threaten strikes in 10 Reform council areas in pensions row

Pensioners have been radicalised by anger – the winter fuel U-turn won’t fix it

Why Brits are 'flavour of the month' for drug smuggler gangs: The pensioners and glam influencers recruited as drug mules on promise of fast cash and luxury holidays

Pension annuities hit 16-year high – but you could miss out on hundreds more

1.3m pensioners on disability and housing benefit in line for winter fuel payments

How Labour’s plans for your pension could leave you with £18k less for retirement

Winter fuel payments will be given to more pensioners this year – but not all

I found a £30k pension pot I didn’t know existed – here’s how

I’m sacrificing my pension for my children’s education – I don’t know when I’ll retire

Your pensions could be invested in sewage-dumping water firms

First picture of Brit pensioner, 79, 'caught with £200k of meth' at Chile airport

How I Manage My Money: Business owner, on £4.8k, saving £300 a month into pension

I delayed taking my state pension for 15 years – can I leave it to my children?

How likely is it that pension contributions will be taxed in future?

Brit pensioner 'drug mule' claims Mexican gang promised him £3.7m to carry case

Why the state pension triple lock is a political headache for Starmer and Farage, in charts

Your retirement could be boosted by new pension rules – but there are also risks

World news

Trump: 'Not my decision' to bring Kilmar Abrego Garcia back from El Salvador

Vladimir Putin frontline shambles as deserters ‘gun down’ official

Panic in Spain as it announces new crackdown on overtourism

Polling on Elon Musk glaring red light for Republicans

Man killed wife and son, 7, before turning gun on himself after becoming depressed over ‘unemployment,’ family says

Stephen Miller calls mass LA protests against ICE raids an ‘insurrection’ as unrest continues

The tiny sport stirring up a big controversy in Spain

Police officer accidentally shot and killed by her colleague in Chicago

Small sport stirs up controversy in Spain as Basque Country makes its international debut

More bodies of executed civil war-era prisoners uncovered under Greek city park

Chaos erupts at Paramount Home Depot as protesters confront immigration agents

Britain is ALREADY at war with Russia and ‘we are in pretty big trouble’ admits defence expert in bombshell warning

Woman, 30, shot dead by armed cops after ‘attacking two people with knife’ in square used for Oktoberfest

Eight-year-old boy found starved and murdered in loft and left in a rubbish bag

What to know about counterprotests to Trump's June 14 parade

U.K. judge warns of risk to justice after lawyers cited fake AI-generated cases in court

‘He’s a battler’: Veteran Corey Perry playing key role for Oilers in Stanley Cup final

Trump says Musk could face ‘serious consequences’ if he backs Democrats

Six killed by Israeli gunfire near Gaza aid site, Hamas officials say

Death row inmate's final meal so controversial it's now banned

Humiliation for Putin as £74m fighter jet erupts in fireball after new Ukraine's attack

Trump National Golf Club in Bedminster responds after receiving devastating health department grade

Musk may indeed have won Trump the election. But his Wisconsin cheesehead humiliation proved he’d lost the juice

Chicago cop shot and killed by fellow officer in friendly fire incident during tactical operation

Chabria: ICE arrested a California union leader. Does Trump understand what that means?

Teen, 19, dies after viral TikTok ‘dusting’ challenge went wrong leaving family ‘utterly devastated’

Deadly Russian strikes condemned as 'savage' - as dozens more injured in Ukrainian city

Carney says Canada to focus on peace, energy security and new partnerships at G7 meeting

Kilmar Abrego Garcia back in U.S., charged with human smuggling as lawyers vow ongoing fight

Alberta buying U.S. alcohol again, months after pause meant to fight tariffs

Police investigate possible poisoning after man dies, woman hospitalized north of Montreal

Trump says relationship with Musk is over

Hamlin undeterred by ruling siding with NASCAR in lawsuit filed by Jordan-owned 23XI and Front Row

Bucharest gay pride march turns 20 as LGBTQ+ Romanians face growing hostility from right-wing groups

Vegetable sculpture contest features a squash Donald Trump and a papal 'cornclave'

American father wanted for allegedly killing his three daughters may be trying to flee to Canada

Parents of Brit backpacker, 24, facing 20 years in prison over fatal e-scooter crash fly to Australia

England player ratings as 4/10 Palmer sums up Tuchel’s muddled tactics

England jeered as Roy Keane criticises ‘bored’ players in laboured Andorra win

Murder suspect 'marries teen model girlfriend in secret wedding' while on run from police

Stanley Cup final: Marchand plays hero for Panthers in Game 2 win over Oilers

Prairie wildfires having air quality impact on several provinces

Russian attacks on Ukrainian city of Kharkiv kill 4

Health Canada warns consumers not to inhale ‘laughing gas’ recreationally

Gender stereotypes shape reactions to Trump-Musk outburst

Elks open regular season against Lions in Vancouver on Saturday

Calgary Stampeders set to start new CFL season with Vernon Adams Jr. at QB

Liberia's ex-speaker charged with arson over parliament fire

Russian attack on eastern Ukrainian city of Kharkiv kills 3, wounds 21

Why were so many Thai farmers among the hostages held by Hamas?

New powers demanded to tackle Russia's 'shadow fleets'

Donald Trump issues stark warning to Elon Musk as furious row continues

JD Vance reveals how Donald Trump really feels about Elon Musk spat

The incredible £24.8bn transport mega project that will transform Europe

Katie Miller, Stephen Miller’s wife, in a ‘tricky situation’ after Musk and Trump’s falling out

Man charged with targeting MLB and NFL stars in home burglary spree

More alleged child porn victims of former New Pornographers drummer come forward, authorities say