Regulation 3.
SCHEDULE 1E+W+S FORM OF ACTUARY’S CERTIFICATE
ACTUARIAL CERTIFICATE GIVEN FOR THE PURPOSES OF REGULATION 3 OF THE OCCUPATION PENSION SCHEMES (DEFICIENCY ON WINDING UP ETC.) REGULATIONS 1996E+W+S
Name of scheme...............................................
Date as at which valuation is made......................
1. Comparison of value of scheme assets with amount of scheme liabilities
In my opinion, at the above date the value of the assets of the scheme was less than the amount of the liabilities of the scheme.
The value of the assets of the scheme was..........................................................................
The amount of the liabilities was.........................................................................................
The amount of the difference was
2. Valuation principles
The scheme's assets and liabilities are valued in accordance with section 75(5) of the Pensions Act 1995, the Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996 and the guidelines on winding up and scheme asset deficiency (GN 19) [F1adopted or prepared, and from time to time revised by [F2the Financial Reporting Council Limited]] and on minimum funding requirement (GN 27) [F3published by the Institute and Faculty of Actuaries] (so far as those guidelines are applicable).
Signature........................................................................................................
Date..............................................................................................................
Name.............................................................................................................
Qualification....................................................................................................
Address..........................................................................................................
Name of employer.............................................................................................
(if applicable
Note:
The valuation of the amount of the liabilities of the scheme [F4may not reflect the actual cost] of securing those liabilities by the purchase of annuities, if the scheme were to have been wound up on the date as at which the valuation is made.