# Occupational Pension Schemes (Contracting-out) Regulations 1996, Paragraph 7


The actuary must not complete a reference scheme test certificate if the average value of pension provided under the scheme is less than the average value of pension which would be provided under a reference scheme.

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Source: https://www.legislation.gov.uk/uksi/1996/1172/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-contracting-out-regulations-1996/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.