All surplus articles
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NewsUK to allow defined benefit surplus to be paid directly to members
Plans to reduce tax charge on surplus paid directly to members will make it easier for members to benefit and for trustees and employers to agree on surplus extraction
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NewsPPF scraps levy as UK Pension Schemes Bill progresses
The move saves defined benefit schemes and their sponsoring employers collectively £45m
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AnalysisIPE UK Briefing: Serious concerns remain on Pension Schemes Bill proposed ‘mandation’ powers
Plus: Surplus extraction; LGPS
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NewsUK actuaries’ Section 13 Review to focus on DB surplus
It will be “key” to understand the decisions that are made along the way and the rationale for those decisions
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NewsDWP’s Impact Assessment says DB reforms put members’ pensions at risk
Accessing surplus may improve employer’s financial position, but may risk pension scheme becoming underfunded, says Pension Security Alliance
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AnalysisIPE UK Briefing: Pension Schemes Bill
Plus: Mansion House Accord, DB surplus extraction and British Growth Partnership
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NewsPensions regulator calls on trustees to consider new options for endgame planning
TPR says it is ‘critical’ that trustees take advice and undertake an appropriate level of due diligence
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NewsUK DB funding levels hit record high with £160bn ready to boost growth
UK government is expected to publish a response to surplus extraction rules in coming weeks
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Country ReportUK country report 2025: Defined benefit pension schemes face surplus unlock dilemma
Defined benefit pension schemes could face some tough decisions on how to deal with surpluses if planned legislative changes to ease access come into effect
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NewsUK regulator prepares trustees for first valuations under new DB funding code
The Pensions Regulator has published the first annual funding statement, which shows that just over half of UK pension funds (54%) are in surplus on a buyout basis
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NewsUK DB funds rethink endgame amid surplus extraction plans
One in five DB pension funds say their investment adviser or consultant suggests they change their approach to endgame
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NewsMajority of UK DB funds run at surplus but lack strategy to use it
LawDeb Pensions research shows that 83% of UK DB pension funds have reported a surplus
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NewsAbrdn unlocks DB surplus to fund DC contributions
Abrdn DC members will benefit from a share of scheme’s £800m surplus
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NewsUK-listed companies with DB schemes issue 81 profit warnings in 2024
Companies issuing profit warnings could consider DB surplus as a source of cash support
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NewsDB surplus extraction could boost UK economy but detail will be key
The move could unlock £100bn of value over the next decade
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NewsMajority of trustees support UK surplus extraction plans
FTSE100 companies have £50bn in surplus on low-dependency level, according to LCP
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AnalysisIPE UK Briefing: UK consultations to unlock £80bn from LGPS and DC funds
Plus: DB surplus extraction, a new pensions minister, and NEST takes 10% stake in Australia’s IFM
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NewsTPR figures suggest government looks to extract surplus on low-dependency level
The government is looking to allow schemes more flexibility to enable surplus from DB schemes to be returned to employers
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NewsSchroders’ UK pension scheme commits to running on
Scheme plans on harnessing DB surplus for DC contributions
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Opinion PiecesViewpoint: How a DB ‘surplus code’ could support economic growth
David Wrigley, partner at LCP, says supporting the appropriate release of surpluses could provide a shot in the arm to the UK economy
