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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2022

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This is the original version (as it was originally made).

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13.  Whether there are systems and processes—

(a)for ensuring that the rules of the scheme meet the requirements of section 69 of the 2021 Act (calculation of benefits) and regulation 17;

(b)for ensuring that the trustees comply with section 70(1) of the 2021 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 71 of the 2021 Act (actuarial valuations) and regulation 19;

(e)for establishing that the scheme actuary has complied with section 72 of the 2021 Act (certificate that actuarial valuation prepared in accordance with scheme rules);

(f)for complying with the requirements of section 73 of the 2021 Act (benefits adjustments), where applicable;

(g)for responding to a direction given under section 74(2) of the 2021 Act (powers of the Pensions Regulator).

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