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Industry bodies call for greater clarity and flexibility in DB surplus regime


By Callum Conway

The government has been urged to provide greater flexibility and administrative clarity around its proposed defined benefit (DB) surplus regime, with industry bodies warning that parts of the framework could prove unnecessarily burdensome in practice.

Responding to the Department for Work and Pensions’ (DWP) consultation on Surplus Flexibilities for DB Pension Schemes, the Society of Pension Professionals (SPP) broadly backed the proposed framework, while the Pensions Administration Standards Association (PASA) called for further detail on the treatment and administration of member surplus payments


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Over a quarter of adults feel anxious about making pension decisions

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