From surplus to value: the new era of DB run-on

But realising that opportunity requires a different mindset. Decisions that were once focused primarily on managing risk and securing benefits may increasingly need to consider how surplus can be generated, accessed and shared — and whether existing governance models are equipped for that shift.

Our latest white paper brings together perspectives from senior voices across the pensions industry, including scheme leaders, professional trustees, asset managers and The Pensions Regulator, to explore what this new era could mean in practice.

We consider the opportunity presented by run-on, the changes in governance and decision-making it may require, and the practical steps schemes can take now to understand their options.