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UK Minister Pledges Action on £2.3bn Coal Pension Fund

4/29/2025

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Summary

Story summary

UK Minister for Industry Sarah Jones has committed to addressing the £2.3bn investment reserve of the British Coal Staff Superannuation Scheme. Trustees are pressing for its distribution this year and a reassessment of future surplus sharing. A follow-up meeting is scheduled for June, though full return guarantees remain uncertain. Meanwhile, a review of the Mineworkers’ Pension Scheme is also underway.

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Story summary

UK Minister for Industry Sarah Jones has committed to addressing the £2.3bn investment reserve of the British Coal Staff Superannuation Scheme. Trustees are pressing for its distribution this year and a reassessment of future surplus sharing. A follow-up meeting is scheduled for June, though full return guarantees remain uncertain. Meanwhile, a review of the Mineworkers’ Pension Scheme is also underway.