20 Actuarial valuations
Pension Schemes Act 2021 (2021 c 1) | Legislation

20  Actuarial valuations

(1)     The trustees of a collective money purchase scheme must obtain actuarial valuations in accordance with this section and regulations under subsection (5).

(2)     In this Part “actuarial valuation” means a report prepared and signed by the scheme actuary setting out—

(a)     the available assets of the scheme and their value;

(b)     the required amount;

(c)     whether an adjustment to the rate or amount of benefits provided under the scheme is required and, if so, the amount of the adjustment.

(3)     In this section “the available assets of the scheme” and “the required amount”

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