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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2023
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- Northern Ireland Statutory Rules
- 2023 No. 7
- SCHEDULE 5
- Valuation and benefit adjustment
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Valuation and benefit adjustment
13. Whether there are systems and processes—
(a)for ensuring that the rules of the scheme meet the requirements of section 69 of the 2021 Act (calculation of benefits) and regulation 17;
(b)for ensuring that the trustees comply with section 70(1) of the 2021 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 71 of the 2021 Act (actuarial valuations) and regulation 19;
(e)for establishing that the scheme actuary has complied with section 72 of the 2021 Act (certificate that actuarial valuation prepared in accordance with scheme rules);
(f)for complying with the requirements of section 73 of the 2021 Act (benefits adjustments), where applicable;
(g)for responding to a direction given under section 74(2) of the 2021 Act (powers of the Pensions Regulator).
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