Skip to content

News

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

Share Article:

Media enquiries contacts

Amy Mankelow​

Head of Communications and External Relations


Explore other articles

Brightwell appoints James Pearson as Head of Member Services Operations

Brightwell, the comprehensive service provider for defined benefit (DB) pension schemes has appointed James Pearson in a newly created role as Head of Member Services Operations based in Chesterfield.

Find out more about “Brightwell appoints James Pearson as Head of Member Services Operations”

16/12/2025

Brightwell comments on The Pension Regulator’s revised guidance on administration

Commenting on the revised administration guidance published today, Michelle Esterkin, Head of Admin Consulting, Brightwell said: “Administration is the public face of pension schemes and is central to overall member experience. It’s the glue that holds everything together and we welcome this guidance which clearly sets out TPR’s expectations of the roles of administrators and trustees in this increasingly crucial part of the pensions ecosystem.”

Find out more about “Brightwell comments on The Pension Regulator’s revised guidance on administration”

09/12/2025

Subscribe

    Email subscription form