The Pensions Regulator has announced that it has decided to delay the introduction of its policy on the way longevity is treated in the scheme funding regime.

The Pensions Regulator issued a consultation in February 2008 seeking views on how it expects pension schemes to take account of future improvements in longevity, including a suggestion that the changes should apply to valuations due from March 2007.

It has confirmed that changes will not apply until the beginning of the next defined benefit valuation cycle, starting in September 2008.