Jon Forsyth

Decision to reduce levy to zero makes sense, but same logic should apply for superfunds

Measure will make it easier for trustees and employers to agree surplus extraction

CPI-linked protections capped at 2.5% a year and will come into effect in January 2027

LCP survey finds cyber risk remains the biggest concern for schemes

LCP finds schemes making progress on issues such as endgame planning, DEI and net zero

Statement highlights ‘radical transformation’ of scheme funding positions

Funding code and regs expected to apply to scheme valuations from September

LCP conference attendees do not consider DB pensions to have been a success

Jon Forsyth says regime looks unlikely to be in place by the end of this year

Overall, today’s statement will lead to an improvement in DB scheme funding