PART 4Valuation and benefit adjustment

Advice of scheme actuary18

When advising the trustees of a collective money purchase scheme in accordance with section 19(1) of the Act (advice of scheme actuary), the scheme actuary must have regard to any guidance which is relevant to determining the matters mentioned in section 18(1) and (2) of the Act (calculation of benefits) published, and from time to time revised, by—

a

the Institute and Faculty of Actuaries (or its successor);

b

the Regulator.