Regulation 5
Actuarial Certificate Given for the Purposes of Regulation 5 of the Occupational Pension Schemes (Employer Debt) Regulations 2005
Name of scheme
Date as at which valuation is made
1 Comparison of value of scheme assets with amount of scheme liabilities
In my opinion, at the above date the value of the assets of the scheme was less than the amount of the liabilities of the scheme.
The value of the assets of the scheme was
The amount of the liabilities was
The amount of the difference was
2 Valuation principles
The scheme’s assets and liabilities are valued in accordance with section 75(5) of the Pensions Act 1995, the Occupational Pension Schemes (Employer Debt) Regulations 2005 and the guidelines on winding up and scheme asset deficiency (GN19) and on minimum funding requirement (GN27) prepared and published by the Institute of Actuaries and the Faculty of Actuaries (so far as those guidelines are applicable).
Signature Date
Name Qualification
Address Name of employer (if applicable)
Note:
The valuation of the amount of the liabilities of the scheme may not reflect the actual cost of securing those liabilities by the purchase of annuities if the scheme were to have been wound up on the date as at which the valuation is made.