Defined benefit (DB) surplus extraction is an appealing concept to most, as changes to governing rules and improvements in funding levels are leading schemes to “reconsider” their endgame plans, according to the Pensions and Lifetime Savings Association (PLSA).
A survey by the trade body revealed the prospect of changes to the rules governing how DB pension surpluses can be used is causing trustees to change their plans. The survey of its members revea...
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