Have your say on our updated Cessation Policy

A consultation on our updated Cessation Policy is now open, and we’d value your feedback before 31 March 2026.

We’ve reviewed the policy because we’re bringing in a new, lower‑risk investment strategy for closed Community Admission Bodies (CABs). This new approach should help keep funding levels steadier when markets move. As part of this, we’ve updated the lower‑risk band in the cessation policy so it isn’t more cautious than it needs to be.

This change means the liabilities, in money terms, should stay broadly the same as they are under the current corridor, assuming everything else stays the same.

Please take a look at the draft Cessation Policy on your Fund’s key documents page and share any comments by 31 March 2026. You’ll find it under Employer policies.