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Good administration, the backbone of pensions

A lot has been written about how to achieve good outcomes for members of defined benefit (DB) pension schemes. A strong employer covenant, well-managed investments...

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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

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Amy Mankelow​

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