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Article New surplus flexibilities for DB schemes: Useful clarity, with more to come

New PSA26 rules let DB trustees release pension surplus to employers – key clarity on funding tests, covenant and next steps.

Luke Hartley
Paul-Heeley
| 6 min read | 04 Aug 2026
Article 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

Luke Hartley
Paul-Heeley
| 6 min read | 27 Mar 2026