Key resources
Governance of occupational pension schemes: assurance on internal controls
This ICAEW guidance aims to help trustees understand how different sources of assurance can contribute to the assessment of controls designed to mitigate risk. In particular, it looks at how internal audit and financial statements audit can play a part in the governance of UK pension arrangements.
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Virgin Media pension ruling: sponsor entity and auditor considerations
A Virgin Media pension ruling has raised concerns about the validity of past pension scheme amendments. The decision reinforces the requirement for actuarial certification of past benefit amendments made for contracted-out schemes and has created challenges for trustees, sponsors and auditors amid ongoing legal and regulatory uncertainties.
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Efficient pensions audits for trustees: relationships matter
Planning and communication between management, auditors and trustees are key to an efficient audit process that can reduce the burden on pension scheme trustees. Helen Pierpoint and Amelia Pickard outline why and how.
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Auditing pensions figures: sponsor accounts
Auditors will often come across defined benefit pension scheme liabilities (or assets) on the balance sheets of entities that they audit. Defined benefit pension schemes are independent of the entities, and this has considerable implications for the audit of the entity.
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ICAEW LGPS Guide
ICAEW and the LGPS Scheme Advisory Board are pleased to publish a Local Government Pension Scheme Informer.
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