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
The Pensions Regulator’s (TPR) proposed revisions to the defined benefit (DB) funding code could reduce member security, Lane Clark & Peacock (LCP) has warned.