Let's make discretionary increases fashionable again

clock • 3 min read

Hilary Salt asks if it is legitimate for trustees who have a fiduciary duty to members to assume that surplus should only be spent on locking in to lower returns

I'm not a great follower of fashion but my son is often keen to alert me to the latest fad. I was thrilled when he messaged me the other week to tell me I could dig out my old denim jacket from the...

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 Risk Reduction

M&G sees 65% year-on-year increase in BPA market

M&G sees 65% year-on-year increase in BPA market

Firm wrote £1.5bn of BPAs in 2025, with £1bn written in Q4 alone

Holly Roach
clock 21 January 2026 • 1 min read
Five schemes complete buy-ins worth £21.7m with Aviva

Five schemes complete buy-ins worth £21.7m with Aviva

Transactions secure the benefits of 117 pensioners and 60 deferred members

Martin Richmond
clock 20 January 2026 • 3 min read
PMI scheme completes full buyout with L&G

PMI scheme completes full buyout with L&G

L&G takes on responsibility for payment and administration of benefits, with PMI scheme to wind up

Holly Roach
clock 20 January 2026 • 2 min read
Trustpilot