Government plans pension reform to boost growth
Published On Jan 28, 2025, 3:37 AM
The UK government plans to ease restrictions on pension schemes in order to release surplus funds and boost economic growth. This initiative includes an effort to allow defined benefit pension schemes, which currently hold a £160bn surplus, to invest in the economy, particularly in infrastructure projects. Prime Minister Sir Keir Starmer emphasized the importance of growth as the government seeks to improve living standards amid sluggish economic performance. The proposal aims to unlock investments while ensuring pension security, although experts warn of potential risks associated with redeploying these funds.
Stock Forecasts
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The government's plan to unlock pension funds for investment in infrastructure could lead to increased activity in sectors related to construction and project funding. This may positively impact companies involved in these industries. Companies such as Balfour Beatty (BBY) are likely to benefit from increased infrastructure spending.
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