All Surplus articles – Page 3
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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.
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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.
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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.
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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.
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NewsDB pension schemes enter Q2 with strong funding position
Private sector pension schemes were in a strong position ahead of the market volatility caused by US trade tariffs, according to the PPF 7800 Index.
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NewsThink tank calls for full PPF underpin to boost surplus release case
The Social Market Foundation has set out recommendations for the government to make releasing surplus assets from DB pension schemes more attractive and secure.
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In DepthIn Depth: The growth goal - insurance, pensions, and productive finance
Major regulatory moves over the past few years coming to fruition in 2025 could help pension schemes and insurers invest substantially in the UK to support the government’s growth agenda. Leading insurance and pension industry expert Francis Richard Pereira explores how these changes intersect and the opportunities they present.
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In DepthIn Depth: Will a rise in run-on strategies affect bulk annuity demand?
Pensions Expert explores how DB schemes’ increased interest in running on and generating a surplus could affect the bulk annuity market.
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NewsGovernment to consult on changes to LGPS contribution rules
The Ministry for Housing, Communities and Local Government is expected to review rules around changes to contribution rates in the wake of a controversial decision by one LGPS fund.
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NewsArcadia secures scheme merger ahead of wind-up
A High Court ruling has approved the merger of collapsed retailer Arcadia’s two pension schemes, citing a “moral obligation” to put them on an equal footing.
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NewsGovernment urged to rethink LGPS contribution rules
Kensington and Chelsea’s move to a 0% contribution rate for 2025-26 should spark a rethink of contribution rules and guidance, says LCP.
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OpinionWhose money is it anyway? Avoiding a ‘smash and grab’ on DB schemes
Governments have always tended to put DB pension schemes in their sights when looking for more money, writes Janice Turner, co-chair of the Association of Member Nominated Trustees.
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In DepthIn Depth: ‘Seminal moment’ for DB as government eyes surplus extraction
As the government casts its eye over well-funded DB pension schemes, Pensions Expert explores the industry’s calls for this to be done responsibly.
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NewsGovernment to announce DB surplus extraction rules in the spring
The government has confirmed plans to relax rules around defined benefit pension scheme surpluses, paving the way for excess funds to be paid out to members or employers.
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NewsChancellor expected to loosen rules on DB surpluses [updated]
Long-awaited changes to defined benefit scheme surplus rules will be announced this week.
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NewsDB pension schemes finish 2024 with £226bn surplus
Defined benefit (DB) pension schemes’ aggregate surplus position declined in December as volatility hit equity and bond markets.
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NewsGovernment to review British Coal surplus arrangements
The trustees of the £8.6bn British Coal Staff Superannuation Scheme (BCSSS) are in discussions with government officials regarding the use of a £2.3bn reserve fund.
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NewsOutlook 2025: The pensions industry’s wishlist for the new year
Pensions Expert spoke to six major industry groups to find out what they want to see happen in 2025, from the Pensions Review and the Pension Schemes Bill to trustee powers and improvements to member outcomes.
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FeaturesOutlook 2025: New insurers set to make waves in busy DB market
From an evolving bulk annuity market to debates over the use of pension scheme surpluses, next year looks set to be as busy as ever for the defined benefit sector, writes Alex Janiaud.
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NewsPPF reports £219bn total surplus across DB pension universe
The funding position of private sector defined benefit pension schemes continues to improve, according to the Pension Protection Fund’s (PPF) latest edition of the Purple Book.