PART 2Collective benefits

Regulations under Part 2: general

30Requirement to obtain actuarial advice

1

Regulations may require the trustees or managers of a pension scheme to obtain advice from an actuary before making a specified decision or taking other specified steps.

2

The regulations may, in particular, require the trustees or managers to obtain the advice from an actuary who has specified qualifications or meets other specified requirements.

3

The regulations—

a

may require an actuary to have regard to guidance issued from time to time by a specified person when advising on matters in accordance with the regulations;

b

may impose other requirements on an actuary when advising on matters in accordance with the regulations.