Consultancy analysis finds government plans to extract DB surplus could be worth £160bn
Industry lines up to praise DB surplus moves as long as right guardrails are in place
Reform could be positive for employers, workers, members and the economy at large
Industry sets out expectations for the upcoming year in the pensions sector
Surpluses are increasingly seen as an opportunity to run on schemes
More schemes are in surplus, with an aggregate surplus of £455.5bn seen in March
Clara superfund deal, Rothesay purchases portfolio and surplus repayments order
Move comes after Court of Session confirmed asset manager’s right to any surplus
Could changes to surplus rules encourage greater risk to be taken in DB schemes?
Defined benefit (DB) schemes are facing fresh challenges around dividends and de-risking as they reach fully-funded status, according to Aon.