Industry welcomes DWP focus on DB surplus

Move to make surplus extraction and design consolidator rules embraced by industry

Jasmine Urquhart
clock • 4 min read
The industry has welcomed DWP's focus on surplus extraction and public sector DB consolidation
Image:

The industry has welcomed DWP's focus on surplus extraction and public sector DB consolidation

The industry has welcomed the Department for Work and Pensions’ (DWP) focus on enabling defined benefit (DB) surplus extraction and a public sector consolidator following its consultation.

As the government launched its Options for DB schemes consultation today (23 February), industry commentators were largely positive. Lane Clark & Peacock partner Steve Webb welcomed the governme...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
clock 22 April 2025 • 1 min read
Tender Watch: LGPS re-appoints Equiniti as admin software supplier

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
clock 15 April 2025 • 1 min read
Trustpilot