Despite growing capacity amongst insurers, buy-out is no longer the be-all end-all endgame. Providers are offering more alternatives, including new governance and fiduciary management solutions. To understand their evolving strategy and priorities, mallowstreet, in partnership with Brightwell, surveyed 27 UK DB schemes over £1bn in January 2024, gathering perspectives on a total of £300bn in assets under management. This report presents our in-depth findings.