The Pensionist - Episode 7: Whose surplus is it anyway?

In this episode of The Pensionist, we turn to a question that would have seemed almost fanciful only a few years ago: what should schemes do with a defined benefit surplus? With well-funded schemes now surging across the market, the return of surplus is moving from theoretical possibility to practical reality for a growing number of schemes. The rules, however, are far from simple. The treatment of surplus depends heavily on whether a scheme is ongoing or in wind-up, and the strict stat...