Run-on

Head of UK retirement Ben Roe says newly announced surplus flexibilities are prompting schemes to revisit endgame decisions

LCP says surplus sharing is rising up agendas, but most schemes still face endgame barriers

Trust and reputation, not product viability, are the key factors shaping endgame decisions

Hymans paper says DB schemes have entered a ‘fundamental’ new phase

Endgame inertia may pose a greater risk than market volatility for well-funded schemes

Sector welcomes the additional clarity but warns ‘the devil will be in the detail’

Launch comes as Pension Schemes Act marks a step towards a new DB surplus regime

Rosie Twist asks how trustees should consider the differences between their options

Run-on becomes ‘dominant’ endgame option, Howden acquires Hymans IFS team, M&G illiquid asset transfer

Research shows 70% of the largest DB schemes targeting run-on compared to 4% targeting buyout