PRESS RELEASE - DB pension surpluses must be viewed as strategic assets, not simply opportunities for surplus release

As more DB pension schemes move into surplus, trustee boards face an important strategic question: what should they do with it?

While proposed changes to the DB surplus regime could create greater flexibility, surplus should not simply be viewed as money available for release. Decisions should form part of a scheme's wider funding, risk management and endgame strategy, balancing member security, employer objectives and long-term resilience.

HPW Director Ray Hughes explores the key considerations for trustees, including governance, investment strategy, employer covenant and the importance of robust adviser input before any decisions are made.