Brightwell comments on The Pensions Regulator’s Surplus Statement
Yesterday, The Pensions Regulator issued a statement to support trustee and employer discussions on surplus release options, alongside a government consultation on the draft surplus release regulations.
Commenting on the surplus release statement, Morten Nilsson, CEO, Brightwell said: “The surplus statement published by TPR today provides a useful point of reference for Trustees and sponsors who are discussing plans for surplus now.
“Every scheme has different funding positions, maturity profiles and sponsor dynamics, and decisions on surplus will reflect those individual circumstances.
“The Pensions Regulator is right to emphasise strong governance, robust funding and careful decision‑making as schemes consider their options.
“Clear safeguards and practical guidance will be essential to give trustees the confidence to interpret new regulations in a way that is appropriate for their scheme’s specific context.”
Published:
11 / 06 / 2026
