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The Occupational Pension Schemes (Scheme Funding) Regulations 2005

Consolidated Text As Enacted Cited authorities 140 Cited in Amendments 57 Related
Vincent
JurisdictionUK Non-devolved
  • These Regulations may be cited as the Occupational Pension Schemes (Scheme Funding) Regulations 2005 and shall come into force on 30th December 2005.
    • which comply with the requirements imposed under section 41 of the 1995 Act which are prepared in respect of a period ending with the effective date of the valuation.(2) In these Regulations “scheme” must be read in appropriate cases in accordance with the modifications of Part 3 of the 2004 Act made by paragraphs 1, 4, 5 and 7 of Schedule 2 (multi-employer sectionalised schemes, partly foreign schemes and schemes with a partial public authority guarantee) , and “employer” and “member” must be construed accordingly.any resources invested (or treated as invested by or under section 40 of the 1995 Act) in contravention of section 40(1) of the 1995 Act (employer-related investments) ;any amounts treated as a debt due to the trustees or managers under section 75(2) or (4) of the 1995 Act where it appears to the actuary that the circumstances are such that it is appropriate to exclude them, any rights under an insurance policy.any right that has accrued to or in respect of him to future benefits under the scheme rules, orany entitlement to the present payment of a pension or other benefit which he has under the scheme rules, andin relation to the survivor of a member of the scheme, by virtue of any entitlement to benefits, or right to future benefits which he has under the scheme rules in respect of the member.is the widow, widower or surviving civil partner of the member, orhas survived the member and has any entitlement to benefit, or right to future benefits, under the scheme in respect of the member.(4) Where rights under an insurance policy are excluded under paragraph (1) (c) , the liabilities secured by the policy shall be disregarded for the purposes of paragraph (2) .that the rights have not been transferred, andthat any assets transferred in respect of the transfer of those rights

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