Valuation update & information for Scheme employers
The 2025 actuarial valuation is underway
Funding Strategy Statement (FSS) Consultation
The full draft FSS has been shared with scheme employers. The consultation period is from 10 November to 19 December 2025.
All feedback will be carefully reviewed, and a formal response will be issued to employers in January 2026.
Final valuation report and FSS will be published by 31 March 2026.
Employer contribution rates effective from 1 April 2026, will be shared individually with employers of the Fund.
We have held two Forums to provide further information
- FSS Forum – 12 November 2025
- Whole Fund Results & Self-Insurance Forum – 27 November 2025
The recordings of both Forums will be shared with our employers.