Changes to governing rules driving reconsideration of endgame plans
Agreement enables the firm’s DC contributions to be funded from the DB surplus
Organisation sets out key areas any framework of legislation should address
DB surplus extraction plans, £25m buy-in, bulk annuity sustainability collaboration launch
Consultancy analysis finds government plans to extract DB surplus could be worth £160bn
Government’s DB surplus release plans, PPF levy announcements, Standard Life CEO retires
Industry lines up to praise DB surplus moves as long as right guardrails are in place
Sources tell Sky News and FT the move could unlock more than £60bn held in DB schemes
Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities
Industry says Reeves must ensure speech is not a ‘missed opportunity’ for UK economic growth