# The Pensions (2012 Act) (Transitional, Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014, Regulation 68: Application of Part 4 of the 2005 Order to schemes including benefits treated as money purchase: periods on or after the appointed day


(1) Where the conditions specified in regulation 63(2) are met in relation to an occupational pension scheme—
(a) the effective date of the scheme's first actuarial valuation under Article 203 of the 2005 Order on or after the appointed day must be not more than 3 years after the effective date of the scheme's last actuarial valuation before the appointed day, and
(b) the effective date of the scheme's first actuarial report under Article 203 of the 2005 Order on or after the appointed day must be not more than one year after the effective date of the scheme's last actuarial valuation or actuarial report before the appointed day, whichever is the most recent.
(2) Where the conditions specified in regulation 63(2) are met in relation to an occupational pension scheme, no provision of section 27 of the Act (definition of money purchase benefits) or of these Regulations affects the validity of—
(a) a statement of funding principles prepared, or revised, as the case may be, under Article 202 of the 2005 Order before the appointed day;
(b) the latest actuarial valuation obtained under Article 203 of the 2005 Order before the appointed day, which has been prepared and signed by the actuary in accordance with Article 203(2)(a) of that Order;
(c) the latest actuarial report obtained under Article 203 of the 2005 Order before the appointed day, which has been prepared and signed by the actuary in accordance with Article 203(2)(c) of that Order;
(d) a certification of the scheme's technical provisions by the actuary in accordance with Article 204 of the 2005 Order;
(e) a recovery plan prepared in accordance with Article 205 of the 2005 Order and in operation before the appointed day;
(f) a schedule of contributions certified by the actuary in accordance with Article 206(5) of the 2005 Order and in operation before the appointed day.

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Source: https://www.legislation.gov.uk/nisr/2014/204/regulation/68 (the official version)
Page: https://openlegislation.uk/pensions-2012-act-transitional-consequential-and-supplementary-provisions-regulations-northern-ireland-2014/regulation-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.