Rachel Reeves

Government’s DB surplus release plans, PPF levy announcements, Standard Life CEO retires

Chancellor confirms plans for pensions in Oxfordshire growth speech

Move could allow DB schemes to change their rules to permit surplus extraction

Reform could be positive for employers, workers, members and the economy at large

Sources tell Sky News and FT the move could unlock more than £60bn held in DB schemes

Real GDP showed no growth in the three months to November

Master trust to initially invest in assets such as infrastructure and real estate

LCP says alternative approach would deliver better results more quickly for government

DC megafunds will lead to ‘massive’ cost and disruption and may fail to deliver stated aims

PP poll finds majority of respondents against any delay