DB surplus under the Pension Schemes Act 2026: opportunity unlocked, responsibility unchanged

Interesting piece from Pension Funds Online on the DB surplus provisions under the Pension Schemes Act 2026. As Giorgia Carpagnano comments, the reforms certainly represent a significant cultural and legal shift. For years, many DB trustees have operated in a world where surplus was effectively untouchable, even where schemes were extremely well funded. The new statutory override potentially changes that dynamic completely.