Pensions Act, 1990

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Qualification for appointment as actuary of scheme.

51.—(1) A person shall not be qualified for appointment as actuary for the purposes of this Act to a scheme—

(a) unless he possesses the prescribed qualifications, or

(b) if he is a member of a class of persons standing prescribed for the time being for the purposes of this section.

(2) A person shall not act as actuary to a particular scheme at a time when he is disqualified under this Act for appointment to that office and, if an actuary of a scheme becomes so disqualified during his term of office as such actuary, he shall thereupon vacate his office and give notice in writing to the trustees of the scheme that he has vacated his office by reason of such disqualification.