Historical analysis key to DB surplus allocation, says Hymans

Analysis of past contribution split can provide an objective basis for negotiations

Alex Levy
clock • 3 min read
Martin Potter: There may not be a mathematically ‘correct’ answer to the surplus-sharing question
Image:

Martin Potter: There may not be a mathematically ‘correct’ answer to the surplus-sharing question

Trustees should conduct a historical analysis of defined benefit (DB) scheme funding levels when considering surplus allocation, Hymans Robertson says.

A report from the consultancy – Whose surplus is it anyway? – outlined varying expectations for ownership of DB surpluses after new provisions were introduced in the Pension Schemes Act 2026, sugge...

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 Defined Benefit

Partner Insight: Aon Run-on and Surplus Bulletin

How are UK DB schemes turning over a new leaf?

Aon explores how improving funding levels and new regulatory flexibilities are reshaping UK DB schemes

Aon
clock 06 November 2026 • 1 min read
Partner Insight: What we share sets us apart

Partner Insight: What we share sets us apart

Rosie Fantom, Head of Pension Risk Transfer, explains how BPA Plus combines guaranteed security with the potential to share more value.

Rosie Fantom, Head of Pension Risk Transfer @ M&G
clock 06 November 2026 • 4 min read
UK finance chiefs say DB schemes remain time-consuming

UK finance chiefs say DB schemes remain time-consuming

Nearly three quarters say ‘significant’ time spent on DB despite strong funding levels

Alex Levy
clock 03 November 2026 • 1 min read
Trustpilot