Examples of Valuation Regulations in a sentence
The assets will be valued in accordance with principles laid down in the Articles and in accordance with the Valuation Regulations.
If the contract is a relevant contract of insurance as described under Regulation 7(2)(a) of the Valuation Regulations, the method described below is a suitable method to adopt to determine any additional asset value to be allowed for.
At the end of each scheme year the opening balance mentioned in paragraph (1) shall be revalued in accordance with Regulation 9 of the Funding and Valuation Regulations.
You may wish to review the “Report on the UG Tutorial Experience” for other suggestions on best practices.
Subject to paragraph (4), on 1st January of the scheme year following the scheme year in which the pensioner member pension record is first opened (the “first scheme year”), the opening balance (referred to in paragraph (2)(a)) for the first scheme year shall have an annual pension increase applied in accordance with Regulation 8 of the Funding and Valuation Regulations.
The balance with the increase applied under paragraph (4) or (5) becomes the closing balance for that same scheme year and that closing balance becomes the new opening balance for the next scheme year and thereafter on 1st January of each subsequent scheme year, the survivor member pension record opening balance for the previous scheme year shall be increased in accordance with Regulation 8 of the Funding and Valuation Regulations.
Assets must be taken into account as specified in the Valuation Regulations.
Subject to paragraph (5), on 1st January of the scheme year following the scheme year in which the survivor member pension record is first opened (the “first scheme year”), the opening balance (referred to in paragraph (3)(a)) for the first scheme year shall have an annual pension increase applied in accordance with Regulation 8 of the Funding and Valuation Regulations.
The recovery of any contributions or sum remaining due and not deducted under Regulation 11(8) of the Funding and Valuation Regulations may be effected as set out in paragraph (3).
Any insurance policies should be valued in accordance with paragraph 7(2)(a), (b) or (c) of the Valuation Regulations.