(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
Large self-administered schemes (LSAS) - and insured schemes
covered by Regulation 3 of the Pension Scheme Surpluses (Valuation)
Regulations 1987 (see
PSI20.8.5) - must submit
regular Actuarial Valuation Reports (AVRs). An initial AVR should
be submitted with the application for approval.
