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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022
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- Offerynnau Statudol y Deyrnas Unedig
- 2022 No. 255
- SCHEDULE 5
- Valuation and benefit adjustment
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Rhagor o Adnoddau
Changes over time for: Cross Heading: Valuation and benefit adjustment
Alternative versions:
- 01/08/2022- Amendment
- 08/03/2024
Point in time
Status:
Point in time view as at 08/03/2024.
Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022. Any changes that have already been made by the team appear in the content and are referenced with annotations.
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Valuation and benefit adjustmentE+W+S
13. Whether there are systems and processes—E+W+S
(a)for ensuring that the rules of the scheme meet the requirements of section 18 of the Act (calculation of benefits) and regulation 17;
(b)for ensuring that the trustees comply with section 19(1) of the Act (advice of scheme actuary);
(c)for establishing that the scheme actuary has complied with regulation 18;
(d)for ensuring that the trustees obtain actuarial valuations in accordance with section 20 of the Act (actuarial valuations) and regulation 19;
(e)for establishing that the scheme actuary has complied with section 21 of the Act (certificate that actuarial valuation prepared in accordance with scheme rules);
(f)for complying with the requirements of section 22 of the Act (benefits adjustments), where applicable;
(g)for responding to a direction given under section 23(2) of the Act (powers of the Pensions Regulator).
Commencement Information
I1Sch. 5 para. 13 in force at 1.8.2022, see reg. 1(3)
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