Brightwell comments on the government’s announcement to maintain the pension fund clearing exemption for the longer-term
Today the government announced that it will take forward secondary legislation to ensure that the pension fund clearing exemption does not expire on 18 June 2025 as currently scheduled and to remove any further time limit on the exemption.
Find out more about “Brightwell comments on the government’s announcement to maintain the pension fund clearing exemption for the longer-term”10/01/2025
PFF Levy – the time for reform is now
The Pension Protection Fund is a key part of the UK defined benefit (DB) system, stepping in to provide essential compensation for members if the employer funding their pension becomes insolvent. It’s a lifeline to people who may think they’ve lost their entire retirement income.
Find out more about “PFF Levy – the time for reform is now”06/01/2025
Bright Insight – Q4 2024
In this edition we provide our annual highlights from 2024, insights from our self-serve online retirements journey, and our CEO Morten Nilsson shares his views on reforming the PPF Levy.
Find out more about “Bright Insight – Q4 2024”17/12/2024
Brightwell comments on the 2025/26 PPF levy
Morten Nilsson, CEO, Brightwell – primary services provider to the £35.7bn BT Pension Scheme said: “We welcome the Pension Protection Fund’s (PPF) announcement that it is delaying a decision on the 2025 / 2026 levy. “A well-functioning, safe and robust defined benefit (DB) sector is in everyone’s interest and the PPF has a key role in ensuring this.
Find out more about “Brightwell comments on the 2025/26 PPF levy”12/12/2024
End of Year Highlights 2024
2024 has been a busy and productive year at Brightwell. We’ve reached new heights of member satisfaction for BTPS and introduced a fully online retirements service. We won a new administration client – the Mineworkers’ Pension Scheme - and celebrated a year of providing fiduciary management services to EEPS.
Find out more about “End of Year Highlights 2024”12/12/2024
Toby Perkins MP visits Brightwell’s offices in Chesterfield
On 5 December, MP for Chesterfield Toby Perkins visited Brightwell, a major local employer with over 122 employees. Brightwell is a comprehensive provider of services to DB pension schemes and its largest client is the BT Pension Scheme (BTPS). All pension scheme administration activities are handled from Brightwell’s offices in Chesterfield.
Find out more about “Toby Perkins MP visits Brightwell’s offices in Chesterfield”09/12/2024
Brightwell comments on the publication of the PPF Purple Book
Morten Nilsson, CEO, Brightwell said: “The PPF Purple Book once again highlights the highly fragmented nature of UK DB schemes. It’s startling that schemes with fewer than 1,000 members make up 80 per cent of the total number of schemes but only around 10 per cent of total assets, liabilities, and members."
Find out more about “Brightwell comments on the publication of the PPF Purple Book”06/12/2024
Expert investor series – How could pension scheme buyouts influence the gilt market
Pension funds invest in gilts (UK government bonds) due to their ability to match liabilities, through their interest rate and inflation linkage. However, insurance companies, which take over the management and payment of members’ pensions during a buyout, traditionally prefer higher-yielding assets.
Find out more about “Expert investor series – How could pension scheme buyouts influence the gilt market”03/12/2024
Older workers rethinking retirement
To coincide with National Older Worker’s Week (25 – 29 November 2024) a new report on the Future of Ageing from the International Longevity Centre (ILC) commissioned by Brightwell has found that more people are economically active in later life, and this increase has been particularly pronounced among women.
Find out more about “Older workers rethinking retirement”25/11/2024
Brightwell: Mansion House speech a missed opportunity for the DB pensions sector
Commenting on the Mansion House speech on 14 November, Morten Nilsson, CEO, Brightwell said: “It’s disappointing that the Chancellor missed the opportunity to use the Mansion House speech to provide the DB sector with clarity around the proposals to make it easier for pension scheme surplus to be returned to sponsors.
Find out more about “Brightwell: Mansion House speech a missed opportunity for the DB pensions sector”15/11/2024
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