Practical Pension Scheme Accounting

Practical Pension Scheme Accounting, from Crowe U.K. LLP, provides expert analysis and practical guidance on the
preparation of accounts for occupational trust based pension schemes under the 2018 Statement of Recommended Practice (SORP). Beginning with the trial balance, the authors explain what information is needed to prepare Financial Statements and how to go about compiling the Annual Report.

Written in an accessible style, it provides practical guidance on the requirements of the SORP, offering examples and options on the approach to the requirements. These range from the required disclosures, to additional disclosures that could be considered in relation to the investment risk, and investment hierarchy disclosures. It contains a disclosure checklist and example accounts to ensure all required disclosures have been considered.

This new edition reflects the significant changes the pensions SORP has been undergoing following the latest FRS102 updates, in preparation for implementation in 2026.These proposals include:

This new edition reflects the significant changes the pensions SORP has been undergoing following the latest FRS102 updates, in preparation for implementation in 2026. These proposals include:

- Introducing the requirement to make disclosures on liquidity risk
- Investment performance commentary focused on the specific circumstances of the scheme recognising the differences between DC and DB arrangements
- Annuity contracts can no longer be valued using annuity provider values
- Further guidance on derivatives, repurchase agreements and short sold bonds
- Bulk transfers out to be disclosed on the face of the primary statements
- Further guidance on going concern considerations.

The Third Edition has been updated throughout to reflect significant changes in this area of law, including revisions to all appendices.