# The National Health Service Pension Scheme Regulations 1995, Paragraph 9: IP Guarantees


In order to ensure that the required level of cover continues to be guaranteed by its extant IP guarantees, those guarantees must be reviewed by the Independent Provider—
(a) no later than 1 month prior to the start of a scheme year;
(b) no later than 1 month after the date on which it was granted employing authority status;
(c) no later than 1 month before the date on which they are expressed to cease to have effect (where that is not the start of a scheme year);
(d) whenever it becomes a party to another qualifying contract;
(e) immediately whenever it reasonably believes that its estimated contribution liability pursuant to regulations D1, D2, Q6, Q8, Q10 and Q11 has increased, or may increase, by more than 10%;
(f) upon the Secretary of State notifying it in writing that the Secretary of State considers that the sum guaranteed by those guarantees does not, at least, equal the required level of cover.

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Source: https://www.legislation.gov.uk/uksi/1995/300/schedule/2B/paragraph/9 (the official version)
Page: https://openlegislation.uk/national-health-service-pension-scheme-regulations-1995/schedule-2B/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.