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Brightwell recently hosted an insightful webinar discussing the implications of the recent pension schemes bill for DB schemes. Our expert panel, including Morten Nilsson, Tiffany T. Tsang, Tim Giles, and Ian Mills, covered crucial topics such as surplus extraction, PPF levy reform, and DB Super Funds.
The discussion provided valuable insights into the statutory override for surplus payments, safeguards to ensure scheme assets exceed liabilities, and the impact on investments within the UK.
The PPF levy reform was also highlighted, with emphasis on the removal of restrictions and the introduction of a new cap mechanism for annual levy increases.
Watch the webinar recording in full below.

Head of Communications and External Relations
As the Pension Schemes Bill reaches its final phase, Morten Nilsson, CEO, Brightwell said: “The Pension Schemes Bill will introduce a number of important reforms which will shape the future direction of travel for pensions for decades to come.
Find out more about “Brightwell comments on the final phase of the Pension Schemes Bill”21/04/2026
Run-on has decisively overtaken buy-out as the dominant endgame for the UK’s largest defined benefit (DB) pension schemes. Seven in ten (70%) now target run-on, nearly double the 38% recorded just twelve months ago, while buy-out has collapsed to just 4%, according to new research published today by Brightwell in partnership with mallowstreet.
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