Section 24 provides for changes to the Pensions Act 1990 that are designed to make some technical amendments consequential on the implementation of the Pensions (Amendment) Act 2002. One such amendment is designed to ensure that a person whose life assurance policy is designed to provide for a pension will be advised of the financial consequences of cancelling or reducing it in favour of taking out a PRSA. This is standard practice when an insurance policy replaces in part or in whole another insurance policy and is designed to avoid any potential for misselling. The broad powers vested in the Pensions Board under the existing legislation will be replaced with more specific powers. These will establish clear policies and principles which the board will use to respond to the current pension funding challenges facing defined benefit occupational pension schemes in the current investment climate of declining asset values and will give flexibility to pension scheme trustees in relation to submission dates for actuarial funding certificates.