New PSA26 rules let DB trustees release pension surplus to employers – key clarity on funding tests, covenant and next steps.
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Article
New surplus flexibilities for DB schemes: Useful clarity, with more to come
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Cyber risk and the employer covenant: An evolving area from the 2026 AFS
Cyber risk is emerging as a key employer covenant threat. Explore what the 2026 AFS means for trustees and how to assess sponsor exposure.
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Changing market for covenant assessment: trends that shaped 2025
We explore recent trends in pensions covenant assessment, reflecting on the generally improved levels of scheme funding and the implications of the funding code
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Pension schemes: Understanding of covenant still critical
TPR's new Funding Code shows that covenant understanding is fundamental for schemes –regardless of funding position.
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New pensions cyber security guidance: How can teams respond to it?
Find out how pensions trustees and scheme managers meet The Pensions Regulator's cyber security expectations
