Thank you to employers who provided feedback on the draft Funding Strategy Statement (FSS). The consultation period has now closed, and the Pensions Committee carefully considered the feedback at their meeting on Friday 26th September. They concluded that no fundamental changes to the draft FSS are needed (other than updates to technical information). There is some flexibility within the FSS to address issues arising where needed.
Find out about the Triennial Valuation and read the draft Funding Strategy Statement (FSS).
Look out for your valuation results from November onwards, with the new employer contribution rates effective from 1st April 2026 to 31st March 2029.
It’s a very busy time for the team handling the valuation results (along with the admission and exit of employers). Therefore, they may take a little longer to reply to emails, however they will reply to you as soon as they can, as they want to keep everything moving forwards smoothly.
The 2025 Valuation Report from our actuary and the FSS will be finalised before 31st March 2026.