{
  "url": "https://openlegislation.uk/pensions-act-2004/section-144",
  "json_url": "https://openlegislation.uk/pensions-act-2004/section-144.json",
  "legislation": "ukpga/2004/35",
  "legislation_title": "Pensions Act 2004",
  "legislation_url": "https://openlegislation.uk/pensions-act-2004",
  "path": "section/144",
  "kind": "section",
  "number": "144",
  "heading": "Approval of valuation",
  "text": "(1) This section applies where the Board obtains a valuation in respect of a scheme under section 143(2)(b).\n(2) Where the Board is satisfied that the valuation has been prepared in accordance with section 143, it must—\n(a) approve the valuation, and\n(b) give a copy of the valuation to—\n(i) the Regulator,\n(ii) the trustees or managers of the scheme, and\n(iii) any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.\n(3) Where the Board is not so satisfied, it must obtain another valuation under that section.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 144(1) substituted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 7(2); S.I. 2012/1681, art. 3(b)(ii)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 144(2) substituted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 7(3); S.I. 2012/1681, art. 3(b)(ii)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "S. 144 modified (6.4.2005) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1(1)(d), 61, 68(1) and amendment to earlier affecting provision (1.8.2005) by The Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/2113), regs. 1(2), 10(4)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 144 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/35/section/144",
    "retrieved_at": "2026-10-28T17:07:44.200988+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}