Reports suggest government may alter plans on Mineworkers' Pension Scheme surplus

By The Financial Edition · 28 October 2026 · 15:55 GMT · Professional Pensions · 1 min read

Potential shift in surplus plans

Ministers are reportedly considering changing course regarding the payment of the remaining Mineworkers' Pension Scheme surplus to members, according to reports. Labour MPs expressed anger after being informed that the government may no longer plan to transfer the remaining surplus, estimated at £1.2bn, to former mineworkers as previously expected. Campaigners remain optimistic ahead of the upcoming Budget.

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