We provide the following accounting services to pension schemes

Pressures continue to grow on pension scheme trustees and the many demands in these challenging times call for higher quality reporting.  We provide clients with a tailored, professional and experienced based service that covers all aspects of pension scheme reporting including:
Accounting
Maintaining accurate records on a timely basis is not only a legal requirement but an absolute must for pension trustees.  Keeping a clear picture on the timely receipt of contributions and the payment of member benefits is a fundamental of good decision making.
We can help you maintain your accounting records, advising on how they could be structured to give you clear, accurate and timely information to suit your needs and reporting obligations.
Annual accounts
Within seven months of the end of each financial year scheme trustees have to prepare a set of accounts that comply with the Pensions Act and the Pension SORP.  Changes in reporting requirements and investment structures have made this process ever more complicated making it all the more important that trustees have a high quality resource in this role.  Having audited or prepared pension scheme accounts for over 20 years I have extensive experience in delivering high quality accounts on time.  We can prepare pension trustees' accounts ensuring they comply with the relevant presentation and disclosure requirements.  As part of this process we can liaise with all relevant parties as required, including: the trustees and their secretary, pensions manager, the administration team, sponsoring company, investment and AVC managers, actuary, lawyer, valuation expert, document production team and auditors.
Managing the audit
Having spent many years as a pensions auditor I understand the role and requirements of the audit. I am very well placed to make sure the audit runs smoothly which helps keep to the reporting timetable and budget.
Other services we offer include
  • Contributions monitoring - ensuring that amounts are received in accordance with the schedule of contributions/payment schedule
  • Monthly/quarterly investment accounting and record keeping
  • Reporting to the trustees - this can be in the form of bespoke management accounts, cash flow summaries or other reports as required
  • VAT accounting - ensuring that VAT is being accounted for appropriately and opportunities for recovery of input VAT are identified and action taken
  • Incorporating new investment arrangements - designing new processes and reporting systems to accommodate changes in investment portfolios
  • Implementation of new accounting systems - from the design of the chart of accounts and the suite of reports to the creation and documentation of controls processes that ensure the environment is robust
  • Attendance at trustee or sub-committee meetings as required

How we charge

Meetings can always be arranged at a convenient location and initial meetings will not be charged and you will be under no obligation to give us work.

When you have engaged us our fees will always be agreed in advance meaning there will never be any surprise bills.
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