db surplus

Accounting deficit across firm’s two DB schemes reduced from £54.8m to £45.4m

LCP says level of surplus presents schemes with ‘exciting opportunities’

Surpluses are increasingly seen as an opportunity to run on schemes

Naomi Brown says the question of surplus return to employers is complex

Aggregate defined benefit (DB) funding levels have improved to over 130% resulting in over 80% of DB schemes now being in surplus.*

Providing schemes access to surpluses could be of ‘great benefit’ to sponsors and members

Brightwell CEO says trustees and sponsors must be clear on surplus flexibility rules

Surplus options and public sector consolidator causing some schemes to re-evaluate strategy

Move comes after Court of Session confirmed asset manager’s right to any surplus

LTA guidance, AE research, scheme surpluses and PPI research into pensions engagement