“Since the introduction of the 2017 Regulations the overall cost of the Scheme has reduced and the return on investment for participants has been brought more into line with the original intention of the Scheme. It is our intention, subject to the necessary legislative approval, to extend the 2017 Regulations for up to a further year, until 31st March 2019. This will be a temporary measure to provide us with the opportunity to develop and consult on the long term arrangements needed for the lifetime of the Scheme to balance our obligation to the Scheme beneficiaries with our wider responsibility to safeguard the public purse.”