Introductory Text
PART 1 PRELIMINARY
1.Citation and commencement
2.Interpretation
PART 2 FUNDING AND INVESTMENT STRATEGY
3.Scheme maturity
4.Low dependency investment allocation
5.Low dependency funding basis
6.Strength of the employer covenant
7.Relevant date
8.Actuarial methods and assumptions for purposes of funding level
9.Consistency of assumptions
10.Matters and principles
11.Funding and investment strategy – level of detail
12.Determination, review and revision of funding and investment strategy
PART 3 STATEMENT OF STRATEGY
13.Supplementary matters
14.Review and revision of Part 2 of a scheme’s statement of strategy
15.Requirements for chair of trustees
16.Part 2 of a scheme’s statement of strategy – level of detail
17.Form of statement of strategy
18.Statement of strategy to the Regulator
PART 4 AMENDMENTS TO REGULATIONS
19.Amendments to the Occupational Pension Schemes (Scheme Funding) Regulations
Signature
SCHEDULE 1
Funding and investment strategy – matters and principles
1.Matters
2.Principles
3.Minimum requirement on and after the relevant date
4.Risk in relation to calculation of liabilities on journey plan
5.Liquidity
SCHEDULE 2
Statement of strategy – supplementary matters
1.For the purposes of Article 200B(2)(d) (statement of strategy), the...
2.Actuarial valuation and recovery plan
3.If a recovery plan has been prepared or revised in...
4.Maturity
5.Where, in accordance with regulation 3(5), the trustees or managers...
6.For a scheme which has not reached the relevant date,...
7.Investment risk
8.For a scheme which has not reached the relevant date—...
9.For a scheme which has reached the relevant date, how...
10.Liquidity
11.Employer covenant
12.How long it is reasonable to rely on this assessment....
13.General
14.Confirmation that the trustees or managers have consulted the employer...
15.Any comments that the employer in relation to the scheme...
Explanatory Note