Skip to content

News

Brightwell: Mansion House speech a missed opportunity for the DB pensions sector

Commenting on the Mansion House speech on 14 November, Morten Nilsson, CEO, Brightwell said: “It’s disappointing that the Chancellor missed the opportunity to use the Mansion House speech to provide the DB sector with clarity around the proposals to make it easier for pension scheme surplus to be returned to sponsors.

“As it stands, the current regulatory and legislative regime incentivises trustees and sponsors to pursue insurance buy-outs as soon possible and more needs to be done to support those well-funded schemes with strong covenants who want to run-on.

“Schemes that run-on can invest in a wider range of assets for longer, retaining value for the benefit of members, sponsors and UK plc. The government shouldn’t overlook this important part of the market.”

Published:

15 / 11 / 2024

Share Article:

Media enquiries contacts

Amy Mankelow​

Head of Communications and External Relations


Explore other articles

Brightwell comments on Mansion House speech speculation around defined benefit pension schemes

Commenting speculation regarding the upcoming Mansion House speech on 14 November, Morten Nilsson, CEO, Brightwell said: “Research we conducted with Trustees of pension schemes over £1bn at the start of the year found that 41% were undecided on their pension scheme’s endgame.

Find out more about “Brightwell comments on Mansion House speech speculation around defined benefit pension schemes”

11/11/2024

Expert investor series – DB run-on: skills for success in the decumulation phase

UK defined benefit (DB) schemes are entering a new phase marked by improved funding levels yet increasingly negative cash flows as they shift from accumulation to decumulation. This brings new investment and operational challenges.

Find out more about “Expert investor series – DB run-on: skills for success in the decumulation phase”

29/10/2024

Subscribe

    Email subscription form