• Contact
Sunday, June 22, 2025
Register
Login
European Press
Advertisement
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
European Press
No Result
View All Result

Experts warn millions at risk from surplus extraction plans

30 May 2025
in Business
Reading Time: 4 mins read
A A
Experts warn millions at risk from surplus extraction plans
ShareShareShareShareShare

Millions of savers could see their retirement pots put at risk under sweeping new pension reforms unveiled by the government, leading experts and campaigners have warned.

A series of proposed changes, confirmed on Thursday as part of the new Pension Schemes Bill, would loosen rules on how surplus funds can be extracted from defined benefit (DB) pension schemes — allowing employers to reclaim billions of pounds that are currently locked within retirement funds.

The Department for Work and Pensions (DWP) said it intended to “remove barriers to extraction” and revise the threshold at which pension trustees can share scheme surpluses with sponsoring employers. Ministers claim the proposals could help boost economic growth by enabling companies to reinvest the funds into business expansion, wage increases or further pension contributions.

But pensions industry leaders have voiced serious concerns about the potential fallout for more than ten million people who are members of DB schemes, warning that loosening the rules could undermine long-term security and destabilise well-funded schemes.

The newly formed Pension Security Alliance — comprising pension insurers Just Group and Pension Insurance Corporation, consultant John Ralfe, and organisations representing pensioners — said the reforms threatened to turn pension schemes into “piggybanks for others to dip into.”

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Login if you have purchased

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now

Related Posts:

  • Experts warn millions at risk from surplus extraction plans
    Experts warn millions at risk from surplus extraction plans
  • Experts warn millions at risk from surplus extraction plans
    Employers show strong interest in ‘Dutch-style’ CDC…
  • Experts warn millions at risk from surplus extraction plans
    Pensions at risk as HMRC eyes salary sacrifice…
  • Experts warn millions at risk from surplus extraction plans
    Rachel Reeves won’t rule out pension fund mandates…
ShareTweetSendPinShare
Previous Post

Trump’s tariffs to remain in effect after appeals court grants stay

Next Post

Capita, Pizza Express, Lidl among 500 firms named for underpaying minimum wage

Next Post
Capita, Pizza Express, Lidl among 500 firms named for underpaying minimum wage

Capita, Pizza Express, Lidl among 500 firms named for underpaying minimum wage

Recommended

Coronation Street fans do major U-turn on Lou Michaelis as they demand she stays

Coronation Street fans do major U-turn on Lou Michaelis as they demand she stays

6 June 2025
Pag-IBIG Fund continues to grow members’ savings as investment income climbs 50%

Pag-IBIG Fund continues to grow members’ savings as investment income climbs 50%

30 May 2025
Mikey Angelo’s 3 essential tools for creating viral content

Mikey Angelo’s 3 essential tools for creating viral content

22 June 2025
Russia hits Ukraine with massive drone and missile attack with explosions in Kyiv

Russia hits Ukraine with massive drone and missile attack with explosions in Kyiv

2 June 2025
12 tips for protecting your privacy as a creator

12 tips for protecting your privacy as a creator

19 June 2025
European Press

European-press.com shares the latest news from Europe and around the world. It covers topics such as business, technology, sports, health, entertainment, and lifestyle. Feel free to get in touch with us!

Disclaimer  Privacy Policy – EU  Imprint 

Contact Us

What’s New Here!

  • Euronews targeted by anti-Moldova disinformation campaign
  • Saudi Arabia tackles sweltering heat as Muslim pilgrims embark on Hajj journey
  • ‘My mum stopped talking to me’
  • SI Swimsuit model Camille Kostek claims NFL wives judged her for not having wedding ring

Subscribe to Our Newsletter

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Translate »
European Press
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
×