Practical Pension Scheme Accounting 3rd ed

Author: Crowe LLP
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526535870
Published In: September 2026
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Practical Pension Scheme Accounting, from Crowe U.K. LLP, provides expert analysis and practical guidance on the preparation of accounts for occupational trust based pension schemes under the 2018 Statement of Recommended Practice (SORP). Beginning with the trial balance, the authors explain what information is needed to prepare Financial Statements and how to go about compiling the Annual Report.M

Written in an accessible style, it provides practical guidance on the requirements of the SORP, offering examples and options on the approach to the requirements. These range from the required disclosures, to additional disclosures that could be considered in relation to the investment risk, and investment hierarchy disclosures. It contains a disclosure checklist and example accounts to ensure all required disclosures have been considered.

This new edition reflects the significant changes the pensions SORP has been undergoing following the latest FRS102 updates, in preparation for implementation in 2026.These proposals include:

Introducing the requirement to make disclosures on liquidity risk
Investment performance commentary focused on the specific circumstances of the scheme recognising the differences between DC and DB arrangements
Annuity contracts can no longer be valued using annuity provider values
Further guidance on derivatives, repurchase agreements and short sold bonds
Bulk transfers out to be disclosed on the face of the primary statements
Further guidance on going concern considerations.

The Third Edition has been updated throughout to reflect significant changes in this area of law, including revisions to all appendices.

Preface

1. Introduction

2. Planning

3. Starting the accounts preparation process

4. Trustees' report

5. Membership statistics

6. DC Chair's Governance Statement

7. Auditor's report and Auditor's Statement about contributions

8. Financial statements - Fund account

9. Financial Statements - Statement of Net Assets (available for benefits)

10. Financial Statements - other disclosures

Appendices:

Appendix 1 Extract from The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI 2013/2734 (the 'Disclosure Regulations')

Appendix 2 Extract from The Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996, SI 1996/1975 (the 'Audited Accounts Regulations')

Appendix 3 Extract from The Occupational Pension Schemes (Scheme Administration) Regulations 1996, SI 1996/1715 (the 'Scheme Administration Regulations')

Appendix 4 Extract from The Occupational Pension Schemes (Investment) Regulations 2005, SI 2005/3378 (the 'Investment Regulations')