The Royal County of Berkshire Pension Fund is required by Regulation 58 of the LGPS Regulations 2013 to maintain and Funding Strategy Statement (FSS), and to review, revise and update the FSS at each triennial valuation.
The FSS is a key document for the 2025 actuarial valuations, as it is a regulatory requirement for the Fund Actuary to take the FSS into account when undertaking the actuarial valuation and setting employer contributions.
Statutory guidance “Guidance for Preparing and maintaining a Funding Strategy Statement” required the LGPS funds should consult with employers and other persons as they consider appropriate during the FSS review process.
In accordance with the guidance, the Fund is taking this opportunity to share the draft FSS 2025 with its employers and their guarantors, seeking feedback on the proposed changes and other comments.
Draft Funding Strategy Statement
Funding Strategy Statement Comparison document
Consultation Privacy Notice
An online questionnaire has been created for employers and guarantors to complete. Comments received will be summarised anonymously and shared with the Fund’s Actuary, Barnett Waddingham, to inform any further amendments to the FSS. Any changes arising from this consultation will be reported back to employers and guarantors, and included in the final version of the FSS which will be presented to the Berkshire Pension Fund Committee for adoption in March 2026.
The Fund encourages all employers and their guarantors to review the draft FSS and provide feedback using the online questionnaire below. Comments should be received by 30 January 2026.
