Skip to content

News

Pensions Unpacked Live Episode 3: UK DB landscape – where are we now & where are we going?

We’re pleased to share the third episode of Pensions Unpacked, 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 3: UK DB landscape – where are we now & where are we going?

In this special live edition of Pensions Unpacked, Ian Mills, Head of DB Endgame Strategy at Barnett Waddingham, and Morten Nilsson, CEO at Brightwell, talk to Georgie Frost about the future of the UK’s defined benefit pensions sector. 

Once the cornerstone of retirement, most DB schemes are now closed – yet they still hold over £1.4 trillion in assets and remain vital for millions of members and the wider economy. And with new rules on surplus set to take effect from 2027, schemes and sponsors face fresh choices about whether to buy out or keep running on.

    Email subscription form

    Published:

    08 / 10 / 2025

    Share Article:

    Media enquiries contacts

    Amy Mankelow​

    Head of Communications and External Relations


    Explore other articles

    Brightwell comments on the final phase of the Pension Schemes Bill

    As the Pension Schemes Bill reaches its final phase, Morten Nilsson, CEO, Brightwell said: “The Pension Schemes Bill will introduce a number of important reforms which will shape the future direction of travel for pensions for decades to come.

    Find out more about “Brightwell comments on the final phase of the Pension Schemes Bill”

    21/04/2026

    Endgame and Surplus report 2026: Run-on now dominant endgame for large DB schemes

    Run-on has decisively overtaken buy-out as the dominant endgame for the UK’s largest defined benefit (DB) pension schemes. Seven in ten (70%) now target run-on, nearly double the 38% recorded just twelve months ago, while buy-out has collapsed to just 4%, according to new research published today by Brightwell in partnership with mallowstreet.

    Find out more about “Endgame and Surplus report 2026: Run-on now dominant endgame for large DB schemes”

    30/03/2026

    Subscribe

      Email subscription form