Tag Archives: Surplus

Penson Surpluses can now be “tapped” for staff’s best interests

Posted on November 28, 2025 by henry tapper

From April 2027, well-funded defined benefit pension schemes will be permitted to pay surplus funds directly to scheme members over the normal minimum pension age where permitted by the scheme rules. This is a welcome measure that has been called … Continue reading →

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Coal Staff – why aren’t we shouting from the rooftops this great news?

Posted on November 27, 2025 by henry tapper

    I am very pleased that the Government has agreed to pay the surplus in this pension scheme to members. Well done Mark Walker and the investment team who have kept the coal workers invested in growth (mainly in … Continue reading →

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Debate pension surpluses – tomorrow 10.30 am

Posted on November 3, 2025 by henry tapper

Christos Christou is a  PMI Professional Trustee and has produced a proposal to the Pension PlayPen . For more details about Christos scroll to the bottom of this blog. Paste the link below into your diary https://teams.microsoft.com/l/meetup-join/19%3ameeting_OTIwYjc5ZGUtMDQ4ZC00ZDFkLWI4YjYtOWYyYWE1ZDFmYjMz%40thread. The Challenge • … Continue reading →

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Extracting DB surplus with Christos Christou

Posted on October 31, 2025 by henry tapper

Christos Christou is a  PMI Professional Trustee and has produced this proposal to the Pension PlayPen . For more details scroll to the bottom of this blog. The Challenge • Based on DWP’s impact assessment (Sept 2024), the Government’s surplus … Continue reading →

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Surplus funds should pay future pensions not subsidise savings plans

Posted on September 21, 2025 by henry tapper

 Response to Long-term cost of LGPS holding too much (or little) to pay pensions. PensionsOldie says: September 20, 2025 at 7.32 (Edit) Inter-generational fairness is a big issue that should be considered in private sector DB funds as well, whether open or … Continue reading →

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Is Shell De-risking or De-stroying its pension good will?

Posted on February 14, 2025 by henry tapper

I’ve been outing poor practice at the BP DB scheme. It may just have become too big for the insurers but it hasn’t woken up to the advantage of running on. Now the champion Beverly Ord has brought to my … Continue reading →

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Křetínský’s bid for IDS secures not scuppers Royal Mail’s CDC plan

Posted on May 30, 2024 by henry tapper

Those who think that Daniel Křetínský’s bid for his EP Group (Bidco) to take over Royal Mail and stop the CDC scheme had best read the small print of its offer for IDS (Royal Mail’s parent). The RMCPP is the … Continue reading →

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We want our Royal Mail delivering parcels post and pensions

Posted on May 16, 2024 by henry tapper

As the Times pithily puts in “this time the Czech really is in the post”. At a recent CDC event , DWP told us we could expect to see Royal Mail’s CDC scheme in operation this year. After 6 years … Continue reading →

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BP, Shell , Hewlett Packard – Parliament is watching the way you treat your pensioners.

Posted on May 13, 2024 by henry tapper

Thanks to Alistair Carmichael, MP for the Shetlands and the Orkneys (a BP heartland) for securing a 90 minute debate on private pensions. Despite an attempt late in the debate to hi-jack the debate by Therese Coffey, this was not … Continue reading →

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BP, Shell , Hewlett Packard – Parliament is watching the way you treat your pensioners.

Posted on May 3, 2024 by henry tapper

Thanks to Alistair Carmichael, MP for the Shetlands and the Orkneys (a BP heartland) for securing a 90 minute debate on private pensions. Despite an attempt late in the debate to hi-jack the debate by Therese Coffey, this was not … Continue reading →

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