Surplus

Industry hits out at lack of proposals for private sector DB surpluses

Firm says funding levels moved by less than 0.1% during days surrounding the election

Surpluses are increasingly seen as an opportunity to run on schemes

Surpluses often trapped with accounting rules providing block on discretionary increases

Hymans Robertson says sponsors need plans to ensure efficient utilisation of surplus

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

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

Authorised surplus payment charge to be reduced from 35% to 25% from 6 April

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

Move to make surplus extraction and design consolidator rules embraced by industry