The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations (Northern Ireland) 2024
PART 1PRELIMINARY
1Citation and commencement
2Interpretation
PART 2FUNDING AND INVESTMENT STRATEGY
3Scheme maturity
4Low dependency investment allocation
5Low dependency funding basis
6Strength of the employer covenant
7Relevant date
8Actuarial methods and assumptions for purposes of funding level
9Consistency of assumptions
10Matters and principles
11Funding and investment strategy – level of detail
12Determination, review and revision of funding and investment strategy
PART 3STATEMENT OF STRATEGY
13Supplementary matters
14Review and revision of Part 2 of a scheme’s statement of strategy
15Requirements for chair of trustees
16Part 2 of a scheme’s statement of strategy – level of detail
17Form of statement of strategy
18Statement of strategy to the Regulator
PART 4AMENDMENTS TO REGULATIONS
19Amendments to the Occupational Pension Schemes (Scheme Funding) Regulations
SCHEDULE 1Funding and investment strategy – matters and principles
1Matters
2Principles
3Minimum requirement on and after the relevant date
4Risk in relation to calculation of liabilities on journey plan
5Liquidity
SCHEDULE 2Statement of strategy – supplementary matters
1For the purposes of Article 200B(2)(d) (statement of strategy), the...
2Actuarial valuation and recovery plan
3If a recovery plan has been prepared or revised in...
4Maturity
5Where, in accordance with regulation 3(5), the trustees or managers...
6For a scheme which has not reached the relevant date,...
7Investment risk
8For a scheme which has not reached the relevant date—...
9For a scheme which has reached the relevant date, how...
10Liquidity
11Employer covenant
12How long it is reasonable to rely on this assessment....
13General
14Confirmation that the trustees or managers have consulted the employer...
15Any comments that the employer in relation to the scheme...
2024 No. 90
Pensions

The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations (Northern Ireland) 2024

Approved by resolution of the Assembly on 23rd September 2024
Made
Coming into operation
The Department for Communities1 makes the following Regulations in exercise of the powers conferred by Articles 200A(3)(b), (4) and (5), 200B(2)(d), (4), (6)(b) and (8)(b), (c) and (d), 201(4)(c), 203(6), 205(3A), (4) and (6) and 287(2) and (3) of the Pensions (Northern Ireland) Order 20052.