# Pensions Act 1995, Section 27: Trustee not to be auditor or actuary of the scheme.


(1) A trustee of a trust scheme, and any person who is connected with, or an associate of, such a trustee, is ineligible to act as an auditor or actuary of the scheme.
(2) Subsection (1) does not make a person who is a director, partner or employee of a firm of actuaries ineligible to act as an actuary of a trust scheme merely because another director, partner or employee of the firm is a trustee of the scheme.
(3) Subsection (1) does not make a person who falls within a prescribed class or description ineligible to act as an auditor or actuary of a trust scheme.
(4) A person must not act as an auditor or actuary of a trust scheme if he is ineligible under this section to do so.
(5) In this section and section 28 references to a trustee of a trust scheme do not include—
(a) a trustee, or
(b) a trustee of a scheme,
falling within a prescribed class or description.

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Source: https://www.legislation.gov.uk/ukpga/1995/26/section/27 (the official version)
Page: https://openlegislation.uk/pensions-act-1995/section-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.