Pensions Unpacked Season 2 Episode 2: Can surplus reforms succeed?
We’re pleased to share the second episode of Pensions Unpacked series two, 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.
Season 2 Episode 2: Can surplus reforms succeed?
For years there was a clear decision for defined benefit pension schemes: buy out or run-on. Now for many, especially the largest schemes, run-on has become the dominant end game strategy.
New research from Brightwell and mallowstreet suggests that shift is now firmly embedded. Decisions are more settled and funding confidence is higher. The challenge now though, is how to build resilient portfolios, manage long-term risks and deal with the increasingly sensitive question of surplus.
In the second episode of Pensions Unpacked series two, Georgie Frost is joined by Ally Georgieva, Head of Insight, mallowstreet, Paul Kitson Partner and UK Head of Pensions Consulting at EY and Chris Threadgold, Business Development Manager, Brightwell.
Published:
20 / 05 / 2026
