SCHEDULES

SCHEDULE 4Summary funding statements

2.

In the case of the first summary funding statement issued in respect of the scheme, an explanation of the changes in the funding position of the scheme since—

(a)

the last actuarial valuation of the scheme under section 224(1)(a) of the 2004 Act, or

(b)

if no such valuation was obtained, the last actuarial valuation under the scheme rules.