Three accounting bodies have published specific Covid-19 guidance for the compilation of pension scheme accounts, recognising that “it can’t be business as usual”.
More than a fifth of schemes are worried an updated statement of recommended practice (SORP) for pension scheme accounting will result in a cost surge of more than 25%, research shows.
The Pension Research Accountants Group (Prag) has revised its guidance for trustees on financial reporting in pension schemes to bring it into line with updated financial reporting standards.
The Pensions Research Accountants Group has presented awards to three schemes on the strength of their summary reports to members.
The Pensions Research Accountants Group has started its search for the best scheme summary report from the past year.