224 Actuarial valuations and reports
Pensions Act 2004 (2004 c 35) | Legislation

224  Actuarial valuations and reports

(1)     The trustees or managers must obtain actuarial valuations—

(a)     at intervals of not more than one year or, if they obtain actuarial reports for the intervening years, at intervals of not more than three years, and

(b)     in such circumstances and on such other occasions as may be prescribed.

(2)     In this Part—

(a)     an “actuarial valuation” means a written report, prepared and signed by the actuary, valuing the scheme's assets and calculating its technical provisions,

(b)     the effective date of an actuarial valuation is the date by reference to which the assets are valued and the technical

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