
At a meeting hosted in London on January 28, 2025, leaders of Britain’s biggest businesses gathered to hear Keir Starmer, the prime minister (PM), and Rachel Reeves, the chancellor of the exchequer, set out the details of the changes.
At the roundtable, the PM and chancellor outlined how restrictions will be lifted on how well-funded, occupational defined benefit pension funds that are performing well will be able to invest their surplus funds.
This follows action taken by the government to bring a renewed focus on growth from some of the UK’s biggest regulators, a shake-up to legal challenges on planning applications, and new “brownfield passports” to speed up housing in commuter hotspots.
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