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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 DWP’s consultation on the draft regulations for surplus flexibilities closes, Morten Nilsson, CEO, Brightwell comments: “We’ve always welcomed the Government’s proposals to make it easier for well-funded, well-run defined benefit schemes to make productive use of surplus, while maintaining appropriate protections for members.
Find out more about “Brightwell comments on the DWP’s surplus flexibilities for Defined Benefit pension schemes consultation”02/09/2026
Brightwell is pleased to announce that it has successfully achieved reaccreditation from the Pensions Administration Standards Association (PASA), reaffirming its commitment to delivering high-quality pensions administration services.
Find out more about “Brightwell achieves PASA reaccreditation”27/08/2026
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