£340bn of pension surplus could be unlocked as result of DWP's DB proposals

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

Jonathan Stapleton
clock • 3 min read
PwC says some schemes are delaying insurance transactions while they reassess their options in the wake of the DWP's consultation
Image:

PwC says some schemes are delaying insurance transactions while they reassess their options in the wake of the DWP's consultation

Department for Work and Pensions (DWP) proposals on defined benefit (DB) scheme surpluses could potentially unlock £340bn for schemes to run-on and encourage investment in the UK, PwC analysis finds.

The professional services firm said the figure is based on one of the options being considered in the DWP's consultation on options for DB schemes - published last Friday (23 February) - which woul...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Jonathan Stapleton
Author spotlight

Jonathan Stapleton

View profile
More from Jonathan Stapleton

Call for urgent clarification after 'mandation by the back door' pensions bill clause

Pension scheme reform: The key announcements

More on Defined Benefit

Funding for half-hedged scheme up 2% in May
Defined Benefit

Funding for half-hedged scheme up 2% in May

Broadstone Sirius Index sees fully hedged scheme improve to 69.3% funding

Jasmine Urquhart
Jasmine Urquhart
clock 06 June 2025 • 1 min read
AMNT co-chair John Flynn: MNT status, consolidation, and drive for good practice
Defined Benefit

AMNT co-chair John Flynn: MNT status, consolidation, and drive for good practice

Flynn says his hope during his time in the role is for greater value to be placed on MNTs

Holly Roach
Holly Roach
clock 02 June 2025 • 5 min read
Pensions campaign group warns against government's DB surplus proposals
Defined Benefit

Pensions campaign group warns against government's DB surplus proposals

Pension Security Alliance says DB extraction proposals ‘not in the interests’ of ten million DB members

Martin Richmond
Martin Richmond
clock 30 May 2025 • 5 min read
Trustpilot