APPT supports surplus recovery but with strong safeguards.      

Our response to the DWP consultation on Options for Defined Benefit Schemes has given its support to surplus recovery subject to satisfactory funding, sponsor covenant strength/security, and member sharing, if appropriate.  On the public sector consolidator proposal the response adds that this sounds useful, particularly for those smaller schemes unable to access insurers at a reasonable cost.

18 April 2024 - APPT supports recovery of surplus with safeguards