Pensions Act 2004, Section 144 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)This section applies where the Board obtains a valuation in respect of a scheme under section [F1143(2)(b)].
(2)Where the Board is satisfied that the valuation has been prepared in accordance with [F2section 143], it must—
(a)approve the valuation, and
(b)give a copy of the valuation to—
(i)the Regulator,
(ii)the trustees or managers of the scheme, and
(iii)any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.
(3)Where the Board is not so satisfied, it must obtain another valuation under that section.
Textual Amendments
F1Word in s. 144(1) substituted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 7(2); S.I. 2012/1681, art. 3(b)(ii)
F2Words in s. 144(2) substituted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 7(3); S.I. 2012/1681, art. 3(b)(ii)
Modifications etc. (not altering text)
C1Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11
C2Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72
C3S. 144 modified (6.4.2005) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1(1)(d), 61, 68(1) and amendment to earlier affecting provision (1.8.2005) by The Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/2113), regs. 1(2), 10(4)
Commencement Information
I1S. 144 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7
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