London Office
Tavistock House South,
Tavistock Square,
London, WC1H 9LG
t: 020 7388 2641
f: 020 7387 8969
e: th@rayneressex.com
St Albans Office
Faulkner House,
Victoria Street,
St Albans, Herts,
AL1 3SE
t: 01727 833222
f: 01727 864752
e: fh@rayneressex.com
Pensions
There are various forms of pensions schemes and different schemes have different requirements. Occupational schemes are governed by The Occupational Pensions Regulatory Authority (OPRA), and they have laid down the rules that such schemes must adhere to and the form the annual reports must take. The annual report must include a trustees report, actuarial statement and auditors report, and must be made available to members within seven months following the scheme year end.
OPRA has wide ranging powers including the suspension, disqualification or removal of trustees, the issuing of penalties and where necessary order the winding up of schemes.
We can provide the client with an efficient audit service to ensure compliance with the Pension Scheme Act and OPRA and ensure recommended accounting practice is adhered to.
As part of the audit we can undertake the completion of the pension schemes tax return and deal with the Inland Revenue on behalf of the trustees.
Should the scheme qualify as a small self administered pension scheme then it may be exempt from the requirement to have an audit in which case we can still assist with the preparation of the annual accounts.
For further information please e-mail either our London based business development partner Stephen Jacobs scj@rayneressex.com or our St Albans based audit partner Antony Federer af@rayneressex.com or call Stephen at our London office on 020 7388 2641 or Antony at our St Albans office on 01727 833222.