Jon Forsyth

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