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
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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...

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