Appropriate Actuarial Advice definition

Appropriate Actuarial Advice means the Transferor's Board or the Transferee's Board (as applicable), having taken advice from:

Appropriate Actuarial Advice means (in addition to any other relevant appropriate advice) such actuarial advice as SL Intl’s Board may determine in the context of the relevant matter;

Appropriate Actuarial Advice means, in respect of a Transferor's Board or the Transferee Board, in relation to each Fund, the relevant Transferor's Board or the Transferee Board having taken advice from:

Examples of Appropriate Actuarial Advice in a sentence

• The pattern of distribution of the Scottish Widows Retained Account shall be determined by the Transferee Board, having taken account of Appropriate Actuarial Advice.

• My thanks also go to Dawnita Neal and Austin Baccus, my editors, for their time and dedication.

• In the event the Transferee Board, having taken account of Appropriate Actuarial Advice, determines that such action would be inconsistent with the TCF Requirements, such Liabilities shall be met from the Combined Fund.

• In making any decision to act or refrain from acting in accordance with paragraph 39.1.2(A), LBG shall seek and take into account the views of the Transferee Board having taken account of Appropriate Actuarial Advice with regard to the TCF Requirements in respect of the holders of Policies and shall consider in good faith obtaining expert advice from sources independent of LBG.

• The Fund Merger shall occur on the date determined by the Transferee Board (the "Fund Merger Date"), having taken account of Appropriate Actuarial Advice, being no more than 12 months following the notification of the PRA and the FCA referred to in paragraph 20.1, and the Consequential Merger Amendments (if any) shall be made on the Fund Merger Date, or such later date as may be determined by the Transferee Board (subject to the non-objection of the PRA and the FCA in accordance with paragraph 20.1).

• Any question as to whether any amount is a Relevant Liability shall be decided conclusively by the Transferee Board, having taken account of Appropriate Actuarial Advice.

• The Transferee Board shall, taking account of Appropriate Actuarial Advice, determine at least once in every calendar year whether a TCF Deficit has arisen in the Scottish Widows With Profits Fund.

• Whenever any amount is payable by the Transferee on account of Taxation before the liability for the relevant period is determined, the amount of such payment which is attributable to a With Profits Fund shall be calculated on a fair and equitable basis determined by the Transferee Board, having taken account of Appropriate Actuarial Advice having regard to the policies, assets or liabilities in respect of which the relevant Tax is payable or arises.

• Unless precluded by Regulatory Requirements and/or the terms of the relevant Policies, the Transferee Board shall be at liberty at any time and from time to time, having taken account of Appropriate Actuarial Advice, to close existing Linked Funds, to amalgamate any Linked Fund or any part or parts thereof with any other Linked Fund or any part or parts thereof or to divide any Linked Fund into one or more Linked Funds, or to effect any combination of the aforesaid.

• In relation to the assets, liabilities and operations of the Scottish Widows With Profits Fund apart from the Separate Mutual Company, Taxation shall be charged to the Scottish Widows With Profits Fund on a fair and equitable basis determined by the Transferee Board, having taken account of Appropriate Actuarial Advice to satisfy the TCF Requirements in respect of the holders of Scottish Widows With Profits Policies that are not Pre-SW Scheme Transferred With Profits Policies.