DB surplus plans mark 'a seminal moment in UK pensions' industry says

Industry lines up to praise DB surplus moves as long as right guardrails are in place

Jonathan Stapleton
clock • 6 min read
Government moves to allow refunds ahead of a pension scheme winding up could mark seminal moment for DB schemes
Image:

Government moves to allow refunds ahead of a pension scheme winding up could mark seminal moment for DB schemes

Government plans to lift restrictions on defined benefit (DB) surpluses are a “seminal moment” in UK pensions and could “fundamentally change” the way some employers view their schemes, the industry says.

This morning prime minister Keir Starmer and chancellor Rachel Reeves confirmed government plans to lift restrictions on defined benefit (DB) scheme surpluses at a breakfast meeting with the leader...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPR formally extends its oversight to professional trustee firms

TPR formally extends its oversight to professional trustee firms

Watchdog says move will help identify and mitigate any risks to pension savers

Martin Richmond
clock 02 April 2025 • 2 min read
FCA thinking on using pension pots for house deposits 'a welcome development'

FCA thinking on using pension pots for house deposits 'a welcome development'

Regulator ponders the merits of radical thinking on pension savings

Jonathan Stapleton
clock 01 April 2025 • 4 min read
Robin Ellison – Regulators in the firing line

Robin Ellison – Regulators in the firing line

PP’s regular columnist says the political forces are changing when it comes to regulation

Robin Ellison
clock 24 March 2025 • 11 min read
Trustpilot