Appropriate Actuarial Advice definition

Appropriate Actuarial Advice means the Transferor's Board or the Transferee's Board (as applicable), having taken advice from:
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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;
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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:
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Examples of Appropriate Actuarial Advice in a sentence

  • 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, having taken account of Appropriate Actuarial Advice, shall manage the Scottish Widows With Profits Fund in a sound and prudent manner and in accordance with the SW WPF’s established principles and practices as updated from time to time.

  • 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.

  • 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.

  • On the first occasion (after the Effective Date) that the Transferee Board, having taken account of Appropriate Actuarial Advice considers the Cumulative Operative Charge to be material, an amount equal to the Cumulative Operative Charge shall be credited to the Scottish Widows WPF Support Account and debited from the Scottish Widows WPF Further Support Account.

  • 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.

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

  • 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.

Related to Appropriate Actuarial Advice

  • Actuarial valuation means a mathematical determination of

  • State actuary or "actuary" means the person appointed

  • Actuarial equivalent means a benefit of equal value when

  • Appropriate Authority means any government or taxing authority.

  • Appropriate Authority(ies) means the U.S. State Department, the government authority(ies) in the Covered Person’s Home Country or Country of Residence or the government authority(ies) of the Host Country.

  • Actuary means a person who is a member in good standing of the American academy of actuaries.

  • Multiple Employer Plan means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of any Loan Party or any ERISA Affiliate and at least one Person other than the Loan Parties and the ERISA Affiliates or (b) was so maintained and in respect of which any Loan Party or any ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated.