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The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2011
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Regulation 5(3)
SCHEDULE 3Schedule to be added to the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000
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Regulation 10(3)
“SCHEDULEActuary’s certificate
Given for the purposes of regulation 10(3) of the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000
Notes:
Phrases used in this certificate have the same meaning as in the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000 (“the 2000 Regulations”).
The certification in paragraph 2 was made in accordance with regulation 10(4) of the 2000 Regulations.
This certificate is valid only for the purposes of the 2000 Regulations.
This certificate must not be taken by the trustees or managers of the scheme as authority to make a transfer without the consent of each person with pension credit rights. It must also not be taken as a recommendation to make a transfer without each such person’s consent. The trustees or managers of the scheme need to satisfy themselves that making the transfer is consistent with their duties to the transferring persons and the remaining persons. The trustees of the scheme need to satisfy themselves that making the transfer is consistent with their responsibilities and powers under trust law.
The actuary is not expressing in this certificate an opinion on whether or not the amount of the transfer value is reasonable.
The actuary has taken account of the benefits accrued by the date of this certificate. The actuary has not taken account of any differences between the terms and conditions of any benefits that may accrue in the future under the transferring scheme and the receiving scheme.”
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