Textual Amendments
F1 Schs. 1A-1B inserted (E.W.S.) (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050) , reg. 1(1) , Sch. 1
8. When preparing the insufficiency report—E+W+S
(a)the actuary must make estimates comparing the relevant assets with the relevant liabilities of the scheme in respect of each category of liability;
(b)for the purposes of sub-paragraph (a), the actuary may use one or more categories of liability;
(c)where the actuary uses more than one category, he must have regard to the priority order on winding up specified in section 73(3) of the 1995 Act (preferential liabilities on winding up); and
(d)in determining the extent and content of the category or categories of liabilities, the actuary may use such approximations as he considers reasonable.]