Pensions Unpacked Season 2 Episode 1: DB 2036 – Out of the Woods?
We’re pleased to share the first episode of Pensions Unpacked series two, the Brightwell Podcast.
What is Pensions Unpacked?
Pensions Unpacked, brought to you by Brightwell is hosted by award-winning broadcaster Georgie Frost. Each episode explores the policies, pressures, and possibilities redefining pensions and retirement.
With expert guests, real-world insights, and clear conversation, we unpack complex topics to help you stay informed and inspired. Whether you’re a trustee, sponsor, or pensions professional, tune in to discover how the industry is evolving – and where it’s headed next.
Episode 1: DB 2036 – Out of the Woods?
In the first episode of Pensions Unpacked series two, Georgie is joined by Julie Aspinall, UK Pensions Director at Unilever, one of the senior figures interviewed for the report, alongside Alex Truscott, Business Development Manager at Brightwell, to unpack what this new phase really means for schemes.
With the majority of defined benefit schemes now in surplus, it might be tempting to think the hard work is done. But Brightwell’s DB 2036 – Out of the Woods? report suggests the sector is entering a far more complex second act, one defined not by recovery, but by choice.
As schemes weigh up decisions that will shape outcomes for decades to come, the paths forward are diverging. While smaller schemes may still favour buy‑out or consolidation, larger, well‑funded schemes are increasingly exploring run‑on as a way to retain control and unlock long‑term value. But running on brings its own challenges — from governance and investment strategy to risk and member expectations. Read the full report here.
Published:
16 / 03 / 2026
