SCHEDULES
SCHEDULE 10Funding of defined benefit schemes
PART 1Amendments of Part 3 of the Pensions Act 2004
I1I23
1
Section 222 (the statutory funding objective) is amended as follows.
2
After subsection (2) insert—
2A
The scheme's technical provisions shall be calculated in a way that is consistent with the scheme's funding and investment strategy, as set out in the scheme's statement of strategy.
3
In subsection (3)(b), after “in a prescribed manner and” insert “
, subject to subsection (2A),
”
.