Workplace Pensions
2026-05-18 · Department for Work and Pensions · HL297 · Official question
Question
To ask His Majesty's Government what assessment they have made of the preference among trustee boards for buyout strategies, and how that preference may limit the level of defined benefit pension scheme surplus release.
Answer
The Pension Schemes Act 2026 introduced reforms enabling more trustees of well-funded occupational Defined Benefit (DB) pension schemes to share surplus with the sponsoring employer and benefit members. Regulations will set out the conditions that trustee...