Paragraph 3 F1
The actuary may deduct from the assets of the scheme an allowance which—
(a)
is of such amount as he considers reasonable in the circumstances of the scheme; and
(b)
represents the expenses associated with wind up.
Annotations
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