Labour want firms with defined benefit pensions schemes in surplus to be able to access that surplus for investment (suggested by Jeremy Hunt before the election).

You'll recall in the past when DB pension plans were in deficit, rather than make up shortfalls, many were shifted to defined contribution (transferring risk to members) or effectively wound up.

One might argue DB schemes now in surplus *were* supported by their sponsoring firms but this still looks skewed to me.

#pensions
h/t FT