New surplus flexibilities for DB schemes: Useful clarity, with more to come
ArticleNew PSA26 rules let DB trustees release pension surplus to employers – key clarity on funding tests, covenant and next steps.
27 Oct 2025 1 min read

In a year marked by economic uncertainty, rising costs, and regulatory changes, businesses need insight on the restructuring landscape. You can find it in our autumn outlook.
The content draws on our research and market-leading experience to discuss the latest trends. You'll find analysis of sector-specific challenges across education, healthcare, financial services, and the evolving use of restructuring plans.
Whether you're a business leader, investor, or advisor, this report provides the clarity you need to build resilience and make informed decisions in a complex environment.
New PSA26 rules let DB trustees release pension surplus to employers – key clarity on funding tests, covenant and next steps.
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