Government planning pension reform to promote growth

The government will relax the restrictions on the management of certain pension plans, which is part of the efforts to promote economic growth.

The Ministry of Finance stated that the total surplus of the determined welfare pension plan was 160 billion pounds, but according to the current regulations, most of the funds were trapped in a wider economy.

The government has raised growth to improve the top priority of living, but recent data shows that the economy is working hard.

The prime minister and prime minister will meet with the company owners including special acquisitions, BT and United Leahua to attract more investment in the UK.

This meeting was held before Prime Minister Rachel Reeves' speech on Wednesday. It is expected that she will focus on introducing measures to improve people's measures, because people guessed that the government will support the No. 1 of Herharo Airport at the No. 1 Three runways.

on Monday, The Prime Minister told Labor Party Councilor There is no “simple route” in economic growth. She added that the ministers must start saying “yes” to the new project and then develop further to promote the economy.

Official data show that between July and September, economic growth is zero, The latest monthly number in November Show a small rise.

The core of the Labor Party promotes economic growth, promises to improve living standards, and achieve sustainable economic growth in rich countries at the next election.

However, between July and September, economic growth was zero, and the latest monthly numbers in November showed a small increase.

Consultation of pension reform hopes to release billions of pounds in certain defined welfare plans to replace the economy, pension planning or company.

The defined welfare pension is sometimes called the final salary plan, which is directly related to the salary and service time of the workers.

Three-quarters of these pensions of these pensions are in surplus-this means that they effectively have more money, rather than paying these pensions.

Some pension experts warn that re -deploying such funds is risky, but the pension regulatory agency (TPR) expressed support for government plans.

CEO Nausicaa Delfas said: “If the plan is planned to get full funds and provide protection for members, we support the efforts to help the trustee and employer consider how to safely release the surplus, if it can improve member benefits or unlock investment in a wider economic economy. “TPR.

These proposals follow the plans announced by the Prime Minister last year. The plan is based on the models of the British council in Britain's 86 councils based on the models used by Canada and Australia to create “MegaFunds” for pensions by merging Britain's 86 directors.

The government also suggested that the pension plan needs to reach a certain scale or pool together. The idea behind it is that larger funds are cheaper and can invest in British infrastructure projects.