Legal Review: The benefits and tax implications of scheme surplus rules

Jonathan Hazlett looks at how trustees and employers can approach surpluses

clock • 4 min read
Osborne Clarke partner and head of pensions Jonathan Hazlett
Image:

Osborne Clarke partner and head of pensions Jonathan Hazlett

Why should you be thinking about surplus assets?

Funding levels for defined benefit (DB) pension schemes have improved significantly over recent years. Many schemes hold more assets than they need to secure members' benefits with an insurer. C...

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

FCA figures reveal surge in pension withdrawals over past two years

FCA figures reveal surge in pension withdrawals over past two years

Total value withdrawn has jumped from £53.6m in 2023/24 to £91.2m in 2025/26

Jonathan Stapleton
clock 24 September 2026 • 3 min read
Action needed now on salary sacrifice to minimise disruption

Action needed now on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
What good governance looks like in 2026

What good governance looks like in 2026

Phil Farrell discusses how trustees can make better decisions with less process

Phil Farrell
clock 18 September 2026 • 4 min read
Trustpilot