The UK government, led by Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves, has announced major pension reforms aimed at unlocking over £100 billion in corporate pension surpluses. The plan allows businesses to reinvest these funds into the economy or enhance employee benefits, rather than keeping them in low-yield assets. The initiative is part of Labour’s broader strategy to “rewire the economy” and drive growth. While industry leaders welcome the move, concerns remain over potential risks to pension scheme members amid market volatility. Legislative changes will be required for implementation