S. 70 in force at Royal Assent for specified purposes, see s. 131(3)(a)

http://www.legislation.gov.uk/ukpga/2021/1/section/70/2021-02-11Pension Schemes Act 2021An Act to make provision about pension schemes.texttext/xmlenStatute Law Database2024-05-18Expert Participation2021-02-11PART 2Collective money purchase benefits: Northern IrelandValuation and benefit adjustment
70Advice of scheme actuary1

The trustees of a collective money purchase scheme must obtain the advice of the scheme actuary before making a decision as to the methods and assumptions to be used in determining the matters mentioned in section 69(1) and (2).

2

The Department may by regulations specify requirements with which the scheme actuary must comply when advising the trustees in accordance with subsection (1).

3

Regulations under subsection (2) may, among other things, require the scheme actuary to have regard to guidance that is prepared, and from time to time revised, by a person specified or described in the regulations.

4

Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) applies to a trustee who fails to take all reasonable steps to comply with subsection (1).

5

The first regulations under subsection (2) are subject to confirmatory procedure.

6

Subsequent regulations under subsection (2) are subject to negative resolution.

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70
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<p>The trustees of a collective money purchase scheme must obtain the advice of the scheme actuary before making a decision as to the methods and assumptions to be used in determining the matters mentioned in section 69(1) and (2).</p>
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<p>The Department may by regulations specify requirements with which the scheme actuary must comply when advising the trustees in accordance with subsection (1).</p>
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