Pensions Act, 1990

Effective dates for actuarial funding certificates.

43.—(1) The first actuarial funding certificate shall have an effective date—

(a) in the case of a relevant scheme which commenced before the commencement of this Part, not later than 3 years after such commencement, and

(b) in the case of a relevant scheme which commenced on or after such commencement, not later than 3½ years after the commencement of the scheme,

and a subsequent actuarial funding certificate shall have an effective date not later than 3½ years after the effective date of the immediately preceding certificate.

(2) Unless otherwise prescribed, an actuarial funding certificate shall be submitted to the Board by the trustees of the scheme within 9 months of the effective date of the certificate.