Mansion House reforms could see DB scheme sponsors get £50bn

Analysing data from FTSE 350 DB schemes, Barnett Waddingham has found the proposed reforms - which aim to increase DB investment in productive finance and thereby generate surplus returns for sponsors - would significantly improve assets for sponsors. It found this would equate to around 10% of FTSE 350 DB sponsor assets, and around two thirds of all FTSE 350 DB dividends paid in 2022. Barnett Waddingham principal Mark Tinsley said the vast majority of final salary schemes have "significant surplus funds", adding the potential changes to rules around retaining surpluses could be benef...