A lot has been written about how to achieve good outcomes for members of defined benefit (DB) pension schemes. A strong employer covenant, well-managed investments...
Read article “Good administration, the backbone of pensions”5 minutes

On Sunday 26 January, Sky News reported that the government is set to announce plans to unlock tens of billions of pounds from corporate pension schemes.
Commenting on the speculation, Morten Nilsson, CEO, Brightwell said: “UK defined benefit pension schemes hold around £1.2 trillion of assets and many are sitting on healthy surpluses.
“In most cases, companies can’t access any of the surplus which sits in their pension schemes until the scheme is wound up.
“We would welcome the government including legislation in the Pension Schemes Bill to make it easier for strong employers, with well-managed pension schemes, to access scheme surplus subject to appropriate permissions and safeguards.
“This reform has the potential to fundamentally change the way employers view their defined benefit pension schemes, transforming them from liabilities to offload, into valuable assets worth running on for the longer term.
“To be successful, clear guidance for Trustees would be needed to define who decides whether a payment is made, when it’s made, and the size.
“Done carefully, we believe that these changes would not only benefit employers and members but also support the UK economy.”

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In this edition we celebrate our reaccreditation to PASA for Excellence in Pension Administration, Chris Threadgold explores outsourcing scheme services, and we release a special live edition of Pensions Unpacked, with Ian Mills, Head of DB Endgame Strategy at Barnett Waddingham, Morten Nilsson, CEO at Brightwell, and financial journalist Georgie Frost.
Find out more about “Bright Insight – Q3 2025”08/10/2025
In this special live edition of Pensions Unpacked, Ian Mills, Head of DB Endgame Strategy at Barnett Waddingham, and Morten Nilsson, CEO at Brightwell, talk to Georgie Frost about the future of the UK’s defined benefit pensions sector.
Find out more about “Pensions Unpacked Live Episode 3: UK DB landscape – where are we now & where are we going?”08/10/2025
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