SCHEDULES

SCHEDULE 4Summary funding statements

Regulation 15(1)

I11

A summary that—

a

explains the extent to which the assets of the scheme are adequate to cover its technical provisions, and

b

is based on—

i

the last actuarial valuation under Article 203 of the 2005 Order (actuarial valuations and reports) received by the trustees or managers of the scheme, and

ii

any actuarial report under that provision they have received since that actuarial valuation.

Annotations:
Commencement Information
I1

Sch. 4 para. 1 in operation at 6.4.2014, see reg. 1(1)

I22

In the case of the first summary funding statement issued in respect of the scheme, an explanation of the changes in the funding position of the scheme since—

a

the last actuarial valuation of the scheme under Article 203(1)(a) of the 2005 Order, or

b

if no such valuation was obtained, the last actuarial valuation under the scheme rules.

Annotations:
Commencement Information
I2

Sch. 4 para. 2 in operation at 6.4.2014, see reg. 1(1)

I33

In the case of any subsequent summary funding statement, an explanation of any change in the funding position of the scheme since the date of the previous summary funding statement.

Annotations:
Commencement Information
I3

Sch. 4 para. 3 in operation at 6.4.2014, see reg. 1(1)

I44

The actuary’s estimate of solvency contained in the last actuarial valuation under Article 203 of the 2005 Order received by the trustees or managers of the scheme.

Annotations:
Commencement Information
I4

Sch. 4 para. 4 in operation at 6.4.2014, see reg. 1(1)

I55

A summary of any recovery plan prepared under Article 205 of the 2005 Order that is currently in force.

Annotations:
Commencement Information
I5

Sch. 4 para. 5 in operation at 6.4.2014, see reg. 1(1)

I66

A statement explaining—

a

whether the scheme has been modified under Article 210(2)(a) of the 2005 Order;

b

whether the scheme is subject to directions by the Regulator under Article 210(2)(b) of the 2005 Order, and

c

whether the scheme is bound by a schedule of contributions imposed by the Regulator under Article 210(2)(c) of the 2005 Order.

Annotations:
Commencement Information
I6

Sch. 4 para. 6 in operation at 6.4.2014, see reg. 1(1)

I77

Where there has been a modification, directions or a schedule of contributions referred to in paragraph 6, a summary of the circumstances in which they were made.

Annotations:
Commencement Information
I7

Sch. 4 para. 7 in operation at 6.4.2014, see reg. 1(1)

I88

A statement explaining whether any payment to the employer under Article 3752 of the 1995 Order (payment of surplus to employer) has been made—

a

in the case of the first summary funding statement issued in respect of the scheme, in the 12 months before the date on which that statement is prepared, and

b

in the case of any subsequent summary funding statement issued in respect of the scheme, since the date of the last such statement.

Annotations:
Commencement Information
I8

Sch. 4 para. 8 in operation at 6.4.2014, see reg. 1(1)

I99

Where a payment referred to in paragraph 8 has been made, the amount of that payment.

Annotations:
Commencement Information
I9

Sch. 4 para. 9 in operation at 6.4.2014, see reg. 1(1)

F110

Where the trustees are required to publish a report on a website in accordance with regulation 6(1)(b) of the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations (Northern Ireland) 2021 (climate change reporting and publication requirements), in relation to the most recent report published—

a

the information specified in sub-paragraphs (a) to (d) of regulation 27(2), and

b

a statement explaining any circumstances in which the report will be provided on request in hard copy form.