All Surplus articles
-
FeaturesFive Questions For… Morten Nilsson, Brightwell
Pensions Expert spoke to Brightwell chief executive Morten Nilsson about the government’s surplus release plans, and how he envisages sharing the BT Pension Scheme’s experiences with the wider market.
-
NewsSackers poll: Surplus reform and decumulation top industry wish list
Trustees and employers have backed surplus flexibility and retirement income solutions in the Pension Schemes Bill – but Sackers warns that pensions adequacy risks being overlooked.
-
NewsDB schemes ride out Q2 volatility to retain strong funding position
Ongoing tariff negotiations and the Autumn Budget are among the risks trustees must navigate over the coming months, as well as ongoing discussions around surplus release.
-
OpinionSPP: How the government’s proposed DB surplus release rules will work
In one of the biggest changes to the rules for defined benefit schemes in years, trustees will soon be allowed to relax rules around releasing surpluses. Bina Mistry of the Society of Pension Professionals explains how this could work.
-
In DepthIn Depth: LGPS surpluses and tight budgets make for ‘challenging mix’
Funds in the Local Government Pension Scheme (LGPS) face a challenge in the weeks and months ahead as triennial valuations could reveal significant surpluses – at a time when many councils are strapped for cash.
-
OpinionWhat the Pension Schemes Bill means for small businesses
There is a lot to digest from the recent Pension Schemes Bill. Wedlake Bell’s Justin McGilloway breaks down the key considerations and action points for small employers.
-
OpinionThe Friday Takeaway: Mulling over the road to reform
We’re all geared up for pension reform after the publication of the Pension Schemes Bill, but we’re going to have to wait a while, as Pensions Expert editor Nick Reeve finds out.
-
NewsThree quarters of trustees are open to using surplus release power
The government intends to make changes to the Pensions Act 1995 to allow trustees to change defined benefit pension scheme rules to facilitate surplus release.
-
News‘Game changer’: Pension Schemes Bill laid before parliament
The government will today introduce the much-anticipated Pension Schemes Bill to parliament, setting the stage for a wide-ranging and ambitious overhaul of workplace pensions in the UK.
-
NewsTrustees urged to consider all endgame options as rule changes loom
The Pensions Regulator has set out new guidance around endgame options - but has acknowledged that more will be needed as the government brings in new rules.
-
NewsTPR signs off on release of ‘trapped’ surplus in Littlewoods Pension Scheme
The regulator has permitted Littlewoods’ trustees to release surplus back to the sponsoring employer - only the second time it has allowed changes to scheme rules in this way.
-
NewsSurplus plans welcomed by trustees but concern raised over ‘deadlock’ cases
The Association of Member Nominated Trustees has welcomed the government’s planned approach to surplus extraction rules that will place trustees at the centre of decision-making.
-
NewsTrustees to be given full discretion over DB scheme surplus release
Defined benefit pension schemes will be able to release surplus if they are overfunded on a low dependency basis, under proposals outlined by the government this week.
-
NewsBell confirms surplus release plans will feature in Pension Schemes Bill
The government has confirmed plans to free up billions of pounds from defined benefit (DB) surpluses, with legislation to be introduced through the Pension Schemes Bill. In an announcement today (21 May), the government cited figures from the Pensions Regulator and the Pension Protection Fund (PPF) indicating record levels of ...
-
NewsWhat can LGPS funds do with their funding surpluses?
David Vallery, chief executive of the Lothian Pension Fund, told LAPF Investments about the three main options open to LGPS funds for using funding surpluses.
-
NewsGovernment and TPR to scrutinise pre-97 benefits
In response to a recommendation by the Work and Pensions Committee, the DWP will engage with the regulator to understand why many DB schemes do not award discretionary increases to members with pre-1997 benefits.
-
NewsAnnual Funding Statement: Trustees should prepare for surplus release options
Industry commentators have welcomed the recommendation from the regulator to engage early with sponsors over the potential release of DB surpluses.
-
NewsMinister for industry commits to fixing British Coal surplus ‘injustice’
Minister for industry Sarah Jones has “pledged to resolve” the matter of the British Coal Staff Superannuation Scheme’s £2.3bn investment reserve.
-
FeaturesFive Questions For… Lisa Mundy, Schroders Retirement Benefits Scheme
In the first of a new series, the independent chair of Schroders’ pension scheme explains how and why the trustee board has elected to run on after generating a significant surplus.
-
OpinionDB surplus release: Three key questions to drive better outcomes
The government’s plan to permit the extraction of surplus assets marks a pivotal moment for DB pensions but needs careful handling, writes Alex Beecraft of the Society of Pension Professionals.