They discuss the Department for Work and Pensions’ recent response to the Work and Pensions Select Committee’s report on defined benefit (DB) schemes. We talk about potential changes to PPF funding, how schemes’ surpluses can be spent as well as whether collective defined contribution (CDC) could provide retirement income.
🔍 Key topics include:
• The £10bn+ surplus in the PPF and what it means for DB schemes
• Whether the PPF can provide the security to drive more schemes to run-on
• The risks of underfunded DC pensions — and possible solutions
• Whether CDC is a viable retirement income option
• The importance of policy clarity on surplus use
• Paul’s wishlist if he were Pensions Minister for a day!
• Why member engagement and value-for-money must evolve
If you want to understand how the UK’s £3 trillion pensions industry is changing — and what that means for employers, employees, and the economy — this episode is a must-watch.
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