Section 144 — Pensions Act 2004: Approval of valuation

Approval of valuation 144 1 This section applies where the Board obtains a valuation in respect of a scheme under section 143(2)(b) .

2 Where the Board is satisfied that the valuation has been prepared in accordance with section 143 , it must—

a approve the valuation, and b give a copy of the valuation to—

i the Regulator, ii the trustees or managers of the scheme, and iii any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.

3 Where the Board is not so satisfied, it must obtain another valuation under that section.