Forms

You can now submit a notifiable event online using Exchange.

Please note that you don't need to be fully 'associated' to a pension scheme to report in this way.

If you have any questions, you can call our customer support team on:

0345 600 0707

Valuation summary

You can now complete and submit your valuation summary form online using Exchange.

A valuation summary is a form to be completed when a recovery plan and schedule of contributions have been agreed by the trustees and the employer, following an actuarial valuation.

To fully comply with these requirements, and to ensure appropriate data validation and processing, a new valuation summary and the accompanying recovery plan and schedule of contributions should be submitted online using Exchange, for each valuation submitted.

Recovery plan revisions and supporting explanations should also be submitted online using Exchange.

Information regarding your scheme funding valuation and recovery plan

When a scheme is required to introduce or retain a recovery plan following an actuarial valuation*, the trustees or managers of a scheme are required to send a copy of the recovery plan and schedule of contributions to the Pensions Regulator.

There is a requirement (under Scheme Funding Regulations (SI 2005/3377) regulation 8(7)(a)) to accompany this with a summary of the information contained in the valuation. This is explained in greater detail in paragraph 155 of our Code of practice 03: Funding defined benefits.

Where there are subsequent, ad hoc revisions to a recovery plan, there is also a requirement under regulation 8(7)(b) to submit the updated plan, along with an explanation of the reasons for the revisions.

* under Part 3 of the Pensions Act 2004.