A fifth of pension schemes have reported fraud within the past two years but many schemes are failing to address the problem, according to research.
Baker Tilly has completed the acquisition of RSM Tenon's trading operations after the firm's equity partners gave the move their approval.
Baker Tilly has confirmed that an apparent missing employer contribution to RSM Tenon's defined contribution (DC) scheme was paid in July 2012.
RSM Tenon's collapse could potentially leave more than £600,000 of outstanding contributions to its defined contribution (DC) scheme unpaid as the payment competes with higher ranking debts.
Trustees are concerned over the strength of their employer covenant and feel contributions could be higher, research from Baker Tilly shows.
Taha Lokhandwala tackles the growing issue of inside jobs
The Pensions Administration Standards Association has launched an accreditation process in a bid to improve standards in the industry.
The Pensions Administration Standards Association has selected Baker Tilly to manage applications from scheme administrators for accreditation.