In the first few months of 2020, you will have received communications from RPMI in regards to the 2019 Valuation. If you are unsure of the meaning of any information you receive, or if you would like to understand timescales and the steps you will need to follow to make a valuation proposal, then please contact your CRM. 

You will appreciate that CRMs are not able to provide advice to employers or pensions committees, but they can certainly provide guidance on the different stages of the valuation process.

Throughout the 2019 valuation, employers and pension committees may be engaged by other teams within RPMI -- including the Pensions Policy Team, Client Investment Services Team, and Employer Covenant Team. These teams will be working with CRMs to discuss the relevant aspects of scheme funding with employers and pension committees. They also provide support to the Trustee in considering valuation proposals and associated risk management arrangements. 

Indicative draft results were published to those employers who requested them at the beginning of March. We are expecting draft results to be available at the beginning of June, so please feel free to discuss your section's draft results with your CRM once you have them. 

We look forward to engaging with you over the coming months in relation to the valuation. Remember, the statutory deadline for the completion of the 2019 valuation is 31 March 2021.