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A surplus is a thing of beauty, but beauty often doesn't last: falling asset values and/or falling discount rates may turn a surplus into a deficit. I'd be exceptionally wary of taking advice that was predicated on the endurance of surpluses. It's also worth considering one other con: if pensions schemes don't transfer assets to insurance companies (via buyouts or buy-ins), those insurance companies will not be able to make investments that might also benefit the economy. Tread with extreme caution.