Surplus extraction is here: What should DB schemes do now?

The government is making it easier for well-funded DB schemes to release surplus, when ‘safe to do so’, and trustees will need to set out their proposed approach to surplus extraction as part of their statement of strategy. L&G's Mathew Webb weighs up this crucial issue of ‘safety’, looking to the insurance market to consider how DB schemes might run on and extract surplus for now, while preparing to pivot to buyout if needed. Discover the options available to trustees and the safety lessons they can learn from insurers in this article.