If you're a trustee of a DB scheme in surplus, you're probably being cautious about distribution. That's understandable - it's safer to wait, see what others do, avoid being first-movers. But here's the question: Are you being appropriately cautious because you have a robust framework telling you to wait? Or are you defaulting to inaction because you lack  a framework to make confident decisions? There's a crucial difference. Use this checklist to assess which camp you're in.

EXCLUSIVE - How much will DB schemes release in surplus? Our view differs from the UK Government- we explain here why.

Over the years I have worked closely with pension fund chairs and trustee boards in a wide range of situations - from the best of times...