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S3 Ep. 20

Beyond Curious with LCP: The Chancellor's ambitious plans for DB schemes

Pensions & benefits DB surplus reform

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On 29th January, the Chancellor announced ambitious plans to unlock £160bn of DB pension scheme surpluses to benefit employers, scheme members and the UK's economy. This follows our extensive industry work over recent years, advocating that strong DB schemes can better serve their members, their sponsors and the UK economy.

In this special episode, David Fairs and Steve Webb are joined by Michelle Wright, Partner and Head of Pensions Strategy at LCP, to get you up to speed with some of our thinking on these plans and the Government's growth agenda.

The episode covers:

  • What the reaction has been across the pension world – how are trustees vs corporates viewing this?
  • What will be going on in Whitehall at the moment.
  • TPR’s role in all of this and how the proposals fit with the DB Funding code.
  • How crucial these plans are to the Government’s growth plans.

Relevant links:

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Making sense of the Chancellor's ambitious plans for DB schemes

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