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SCHEDULE 5E+W+SSystems and processes requirement

Valuation and benefit adjustmentE+W+S

13.  Whether there are systems and processes—E+W+S

(a)for ensuring that the rules of the scheme meet the requirements of section 18 of the Act (calculation of benefits) and regulation 17;

(b)for ensuring that the trustees comply with section 19(1) of the Act (advice of scheme actuary);

(c)for establishing that the scheme actuary has complied with regulation 18;

(d)for ensuring that the trustees obtain actuarial valuations in accordance with section 20 of the Act (actuarial valuations) and regulation 19;

(e)for establishing that the scheme actuary has complied with section 21 of the Act (certificate that actuarial valuation prepared in accordance with scheme rules);

(f)for complying with the requirements of section 22 of the Act (benefits adjustments), where applicable;

(g)for responding to a direction given under section 23(2) of the Act (powers of the Pensions Regulator).

Commencement Information

I1Sch. 5 para. 13 in force at 1.8.2022, see reg. 1(3)