DB surplus plans mark 'a seminal moment in UK pensions' industry says

Industry lines up to praise DB surplus moves as long as right guardrails are in place

Jonathan Stapleton
clock • 6 min read
Government moves to allow refunds ahead of a pension scheme winding up could mark seminal moment for DB schemes
Image:

Government moves to allow refunds ahead of a pension scheme winding up could mark seminal moment for DB schemes

Government plans to lift restrictions on defined benefit (DB) surpluses are a “seminal moment” in UK pensions and could “fundamentally change” the way some employers view their schemes, the industry says.

This morning prime minister Keir Starmer and chancellor Rachel Reeves confirmed government plans to lift restrictions on defined benefit (DB) scheme surpluses at a breakfast meeting with the leader...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Four 'lucrative areas' for Budget pension reform

Four 'lucrative areas' for Budget pension reform

Treasury could move on tax-free lump sum, tax relief, salary sacrifice or annual allowance in hunt for Budget savings

Jonathan Stapleton
clock 20 August 2025 • 8 min read
PPI – The urgent need for action on adequacy

PPI – The urgent need for action on adequacy

Priya Khambhaita says current minimum contribution rates mean many retirees will not have the DC assets they need.

Dr Priya Khambhaita
clock 19 August 2025 • 3 min read
Thousands of pension scam victims receive more than £80m in compensation

Thousands of pension scam victims receive more than £80m in compensation

Compensation awarded to more than 2,000 members of 58 schemes targeted by fraudsters

Martin Richmond
clock 19 August 2025 • 3 min read
Trustpilot