Automatic Enrolment Retirement Savings System Act 2024 section 99

Statement of compliance

Section 99 requires the Authority to furnish an annual statement of compliance to the Pensions Authority confirming that it has met its obligations regarding unclaimed balances.

• The Authority must send a statement of compliance to the Pensions Authority within one month of the end of each financial year.
• The statement must confirm compliance with key obligations: publishing notices of unclaimed balances, transferring moneys to the Dormant Accounts Fund, maintaining the register of unclaimed balances, and processing reclaim applications.
• The statement must be signed by a person authorised in writing by the Authority.
• The Authority may include any qualifications or explanations it considers appropriate in the statement.