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Morten Nilsson: Trustees would need very clear guidance on how surplus should be assessed and on what basis
Up until very recently, ‘defined benefit (DB) pension schemes’ and ‘surplus’ were not phrases often heard in the same sentence.
But recent figures from The Pensions Regulator (TPR) suggests that out of around 5,000 DB schemes, over 3,750 are now in surplus on a low dependency basis with a further 950 schemes approaching sur...
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