Standard Life says scheme size does not influence appetite for insurance-based solutions

Organisation plans to distribute surplus to scheme members from year five onwards

Organisation said new funding regime means a different approach to covenant

Maximum subscription for pension schemes will increase from £23,405 to £35,000

Simplified investment strategies mean smaller schemes face nearly twice the risk of negative performance

Body must overcome several challenges to replicate Turner Commission success

David Walmsley urges trustees not to be swayed by political narrative

Transactions secure all remaining benefits of two schemes sponsored by the British department store

Intends to improve services, share knowledge to boost wellbeing and deliver dashboards

Hymans research finds DB funding level of many schemes has surpassed 100%