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Pensions: Publications, reports and surveys

Administering pension schemes, trusts and funds is a specialist area that requires up-to-date knowledge. This is particularly important with the new employer responsibilities in relation to auto-enrolment. On this page you can find briefings, reports and other useful resources for pensions administration.

News updates

HMRC newsletter

HMRC publishes a regular online pension schemes newsletter which provides updates and guidance on pension schemes.

Legal Alert

Legal Alert is a monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business.

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Bloomsbury Core Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.

Pensions and investments

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Rebecca Cave Bloomsburys Tax Rates and Tables 2021-22 09-2021

Tax rates and tables for pensions and investment schemes, updated in line with the Finance Act 2021. Helpful additional commentary is included with the rates and tables. Sections cover: Pension contributions, Pensions withdrawals, Protected retirement ages, Individual saving accounts (ISA), Investments by parents, Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Social Investment Tax Relief (SITR), Venture Capital Trusts (VCT) and Employee Ownership Trust.

Providing for pensions and life assurance

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David Whiscombe Partnership Taxation 08-2021

Brief chapter providing expert guidance on pensions and life assurance taxation in the circumstances of a business partnership. Includes sections on annual allowance, tax relief, lifetime allowance, self-invested schemes and term assurance in favour of other partners.

Pension scheme strategies

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Peter Rayney Tax Planning for Family and Owner-managed Companies 2020-21 07-2021

A chapter on tax planning for pension schemes, written for anyone who advises or runs a family or owner-managed company. It provides an overview of the current pensions taxation regime and the tax treatment of pension contributions. The 2020/21 edition has been updated to include information on the increase in tapered annual allowance for pension contributions. 

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Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

eBooks

The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Practice accounts made easy

This book is to provide GPs with a straightforward and clear explanation of what makes up their practice accounts and what they should expect to see. It also explains how the figures interact and should be interpreted. It looks at the medical practice from a business perspective to help GPs understand the commercial aspects of their medical activity. Additionally, the book includes explanations of how the UK tax system applies to GPs and considers relevant aspects of the NHS Pension Scheme.

Disclosures about termination benefits

Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for employee benefits includes a section on disclosures about termination benefits

Employee benefits

Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for employee benefits gives a comparison of FRS 102 Section 28 and IFRS, and covers short-term employee benefits, post-employment benefits, defined contribution plans, defined benefit plans, costs of administering employee benefit plans, other long-term employee benefits, termination benefits, group plans, death-in-service benefits, and disclosures.

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Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Online articles

The ICAEW Library & Information Service provides access to a range of articles in full text from leading business, finance and management journals. This resource is available to ICAEW members, ACA students and other entitled users.

You will need to be logged-in to the website to gain full access to the range of articles available online.

Royal Mail ready to launch first UK collective DC plan

Royal Mail is expected to launch its long-awaited collective defined contribution pensions plan in 2022, which will be the UK's first such plan.

UK agency releases proposal about collective defined contribution plans

The Department for Work and Pensions is consulting on its draft collective defined contribution plan regulation, which aims to give employers more predictable running costs of plans.

UK pension fund Nest to invest $347m in renewable power

Nest Corp., the UK's biggest pension fund by members, will invest £250m ($347 million) in renewable energy through a partnership with investment manager Octopus Renewables.

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Guidance

Department for Work and Pensions

Aligning your pension scheme with the Taskforce on Climate-Related Financial Disclosures recommendations
A government guide to help trustees evaluate how climate-related risks and opportunities may affect their strategies. Published in January 2021.

Governance and reporting of climate change risk: guidance for trustees of occupational schemes
Guidance aiming to improve the quality of governance and the level of action trustees must take in identifying, assessing and managing climate risk. Published in June 2021.

ICAEW

COVID-19: Guidance on pension scheme financial reports and audit
Guidance from ICAS, ICAEW and PRAG on the implications of COVID-19 on pension scheme financial reports and audit, published June 2020.

GDPR and pension funds
This ICAEW May 2018 guide outlines the issues the General Data Protection Regulation (GDPR) raises for the trustees of pension funds, including their dealings with administrators and auditors. It is part of a series designed to answer the questions that members have been asking about the GDPR.

ICAEW on pensions
Webpage listing the latest pensions related technical releases, helpsheets and representations published by ICAEW. 

Pensions Administration Standards Association (PASA)

Guidance publications
PASA, an independent body dedicated to improving standards in pensions administration, has published a number of guidance documents for defined contribution (DC) and defined benefit (DB) schemes. 

Pensions and Lifetime Savings Association (PLSA)

Simpler Annual Statement and Technical Guide
A best practice example of a simpler two-page annual pension statement for a DC scheme, developed by an expert industry group led by Ruston Smith. The statement was launched by Pensions Minister Guy Opperman at the PLSA Annual Conference in October 2018.

Pension Scams Industry Group (PSIG)

Combating Pension Scams - a Code of Good Practice
The latest version of the PSIG Code, updated in June 2019, sets out the key steps to help identify possible pension scams, as well as providing practical checklists and example letters. 

The Pensions Regulator (TPR)

Cross-border occupational pension schemes: arrangements following the end of the Brexit transition period
Guidance for UK based cross-border pension schemes and UK employers that are contributing to occupational pension schemes established outside the UK. Last updated December 2020. 

Cyber security principles for pension schemes
TPR guidance published in April 2018 to assist trustees and scheme managers with protecting members and assets against cyber risks. 

Managing DC benefits
Practical guidance on how to meet the standards set out in the Regulator's DC code. Includes guidance on how to Prepare your DC scheme for Brexit.  

Pension scam resources
TPR's resources include a pension scams guide for advisers to share with clients and a scheme transfer checklist for trustees and administrators.

TPR 21st century trusteeship campaign resources
TPR's new campaign for trustees covers the fundamentals of good governance for pension schemes. The campaign focuses on supporting pension scheme trustees through guidance and practical tools covering how to manage a scheme effectively, including a Board evaluation tool, Example risk registerSample board skills matrix and The Trustee toolkit, a free online learning programme.

Sackers

ESG and climate change for pension funds: 2020 guide
A guide to how trustees should respond to the latest regulatory requirements on environmental, social and corporate governance (ESG) factors in pension scheme investing. 

Market trend surveys

Accounting for pensions survey 
This annual survey from Lane, Clark & Peacock (LCP) looks at the pensions disclosures of FTSE 100 companies and is available following free registration. The latest edition was published in 2021; earlier surveys are still available on the firm's website. 

Annual Survey of Hours and Earnings: Pension tables
Annual report from the Office of National Statistics (ONS), reporting on membership and contributions to workplace pension arrangements for UK employees by type, age, industry, public and private sector, occupation and size of company. 

AON 2021 Member options survey
The survey gives a snapshot of how defined benefit (DB) scheme sponsors and trustees are deciding on the options to make available to members and what member support should be in place.

Pensions Accounting Survey 2019 
An analysis of market trends in pension assumptions from KPMG, published in May 2019. The survey looks at trends in best-estimate assumptions, considers the impact of changes to accounting standards and highlights key aspects for companies to consider.

Pensions accounting trends
PwC quarterly update on pensions accounting assumptions, key market indicators and current pensions accounting developments.

Pensions and Lifetime Savings Association (PLSA) annual survey
The PLSA annual survey provides a snapshot of workplace pension provision in the UK's largest private and funded public sector schemes.

Pensions Support Index
PwC’s annual index tracks the level of support provided by FTSE 350 sponsoring companies to their defined benefit pension schemes. See their 2012 publication Employer Support for Defined Benefit Schemes for an introduction to the index.

Research and analysis
Pensions Regulator pension schemes data, research reports and surveys providing an overview of the current UK pensions landscape.

UK Occupational Pension Schemes Survey
Annual ONS survey providing summary data on membership of occupational pension schemes and contributions paid.

Articles, books and model documents from the Library collection

The ICAEW Library & Information Service collection includes many articles and books focusing on pensions law and taxation. For information on borrowing books from the Library please contact us or see our guide to book loans.

Model documents

We can supply a variety of model documents for pension schemes, including example engagement letters and Pensions SORP disclosure checklists, through our document supply service.

Practical pension scheme accounting

S. Harvie (Bloomsbury Professional, 2018, 335 pages)
This book provides practical guidance on the preparation of accounts for occupational trust based pension schemes under the 2015 SORP, with example annual report (minimum requirements) and accounts disclosure checklist. 
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Financial reports of pensions schemes: Statement of Recommended Practice
A list of freely available online pension scheme model financial statements, annual reports and disclosure checklists for the 2015 pensions SORP is available on our Accounting for pension schemes page, under the Useful links - Guides section. 

Selected books

Pensions law handbook 
J.Bell (Bloomsbury, 2019, 995 pages) 
A practical guide to all aspects of pensions law and practice in the UK. 
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Pension tax guide 2021-22
K.Lindley (Claritax, 2021, 530 pages)
Annual guide to the taxation of pensions, and to the role they play in tax and financial planning, intended for accountants, financial advisers and other tax practitioners.
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Pensions on divorce: a practitioner's handbook
F.Hay (LexisNexis, 2018, 607 pages)
An essential read for anyone advising on pensions on divorce, explaining in a practical style the valuation and division of pension rights in divorce settlements.
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The taxation of private pension schemes and their beneficiaries (2nd edition)
M.Harrison (Sweet & Maxwell, 2019, 1125 pages)
Split into two parts, this book covers the taxation of both registered and unregistered private pension schemes.
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Further titles

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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