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GN4 insolvency details and certificate RP16 available

Part of the transfer of work from the former Department of Trade & Industry (DTI) to the Department for Business, Enterprise & Regulatory Reform (BERR) in 2007 was responsibility for regulating employer insolvency and pension provision affected by insolvency.

GN4: Insolvency of Employers: Safeguard of Pension Scheme Contributions (adopted by the Board for Actuarial Standards in May 2006) provides the actuarial standards for actuaries working in this area. GN4 refers to two DTI documents: DTI guidance Insolvency of Employers: Safeguard of Pension Scheme Contributions. IL2 (Rev 1), 2001; and form RP16, the Actuarial Certificate for a salary-related occupational pension scheme affected by insolvency. The guidance and RP16 are now available from BERR.

BERR’s revised Insolvency of Employers: Safeguard of Pension Scheme Contributions IL2 (Rev 2) (URN 02/594), published in 2002, is available from the BERR on 0845 015 0010 or by email from publications@berr.gsi.gov.uk. This version is not available in a downloadable format.

The version covering legislation in Northern Ireland — IL2 NI Pensions Schemes Act 1993: Employment rights Insolvency of Employers: Safeguard of Pension Scheme Contributions can be downloaded from http://forms.redundancyni.gov.uk/del_il2__3.pdf

The Actuarial Certificate (Form RP16) is available from the BERR on +44 (0)845 015 0010, or the redundancy payment offices in Watford on +44 (0)1923 210 700; Edinburgh on +44 (0)131 316 5600 and Birmingham on +44 (0)121 456 4411. It can also be downloaded from http://forms.redundancyni.gov.uk/rp16_actuarial_cert.pdf

Although the downloadable version of RP16 is from the site for forms appropriate for Northern Ireland, the form is identical to the above RP16 form.