PENSIONS AUDIT
Our award-winning specialist Pensions Audit team works with pension trustees, administrators and advisers, delivering hassle-free, pragmatic audits
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A PASSION FOR PENSIONS AUDIT
As a pension trustee, administrator or adviser, whether your scheme has 13 members or 13,000, you need to make sure everything is running smoothly so you can sign off your accounts within seven months of the scheme’s year-end.
That means you need a hassle-free pensions audit; delivered by a tight-knit team of industry experts who can drive the process, tailor it to your specific needs and advise you on any key risk areas, such as unauthorised investment transactions, fictitious pensions and incorrect benefit payments.
As the Pensions Age Awards’ ‘Pensions Accountancy Firm of the Year’ for 2020, 2021 and 2024, we cut the mustard.
Because even with the tighter turnarounds, the most schemes we’ve ever worked on, and all the other challenges the last few years have thrown at us, we’ve still never missed a deadline. And when we asked our clients, “How are we doing?”, they scored us 4.8 / 5.
BUT ONE THING’S GOT US PUZZLED
Pension scheme audits are a niche area. They require specific training and a strong understanding of the sector and the terminology. And that’s why we can’t understand why so many accountancy firms don’t have a team dedicated to them.
Our specialist pensions audit team are one of the four UK accountancy firms on the Pension Protection Fund’s (PPF) Audit Services Panel.
That means we’ve got the technical knowledge to flex our approach to your specific needs, with proactive advice that will keep you ahead of the curve on legislative changes, guaranteeing compliance and future-proofing as the regulator gets tougher.
In September 2023, we were also awarded the PPF’s prestigious Trustmark. One of the industry’s biggest signifiers of excellence, it recognises specialist knowledge, collaborative working with the PPF, and a commitment to delivering the highest standards of service.
A PAINLESS PROCESS. STEP BY STEP
We’ll be getting in touch with you regularly. We form partnerships with our clients and their advisers. And we’re different because one of our guarantees is continuity. At least one person from your previous year’s audit team will work with you in subsequent years. You won’t be asked the same question twice and we’ll always be working closely together to create a seamless service.
Step 1
Before the pensions audit kicks off, we’ll outline our fee, discuss a timetable that works for you, and make sure you’re aware of all your deadlines in advance. We get everybody’s buy-in, including administrators and investment advisers, and keep everyone on the same page throughout the whole process.
Step 2
During the pensions audit, we’ll keep you updated on our progress and let you know straight away about any issues we’ve identified. This includes outlining any risk areas and advising you on control measures and other ways to improve your management process going forward. We’ll talk you through the draft accounts, answer any questions, and work with you to make sure the trustee report reflects the scheme’s yearly activities.
Step 3
After the pensions audit, we’ll make sure you’re kept in the loop about any pension legislation changes, and we’ll always be on hand to answer any queries you may have. Feedback is massively important to us. So, we’ll send you an advocacy questionnaire to ask how we’re doing and what we can do differently.
WHAT’S HOT IN OUR WORLD?
Here’s Helen Scothern, our Pensions Audit Associate Partner, with a video update on everything that’s been happening in the team over the last year.
Let’s talk today
Want us to call you? Let’s start a conversation!
Fern Farnsworth
Pensions Audit Director
Get in touch with Fern Farnsworth
CP EVENTS
1 minute read
EXIT PLANNING: THE PROS AND CONS OF VENDOR DILIGENCE IN YOUR NEXT TRANSACTION
- Wednesday 27th November
- 12pm-1pm
- Online
1 minute read
TECH CFO DRINKS
- Thursday 28th November
- 6pm onwards
- Curve Club, nr Old Street, London
1 minute read
PE- Backed CFO Roundtable Lunch
- Tuesday 28th January
- 12.00pm- 15.00pm
- Bocca Di Lupo. London
REVIEWS
JEREMY, SEPT 24
“Clean and efficient audit. Thank you.”
“Perfect, thanks Jeremy!"
KEVIN, SEPT 24
“Much of the interaction with the firm was handled by Isio so they might have a more feedback but from my perspective, I don’t recall any issues or concerns. Completing the audit before the end of June and the holiday season was very important.”
“Happy to hear we hit your deadlines, thanks for the feedback!”
KEVIN, SEPT 24
“Tara and her team are easy to work with and stayed pretty much to the timetable agreed.”
"Good to hear this Kevin, but we'll keep trying to do better."
JULIE, SEPT 24
“Very satisfied with how the audit went.”
"Great to hear Julie."
JEREMY, SEPT 24
“Thanks for carrying out a clean and efficient audit.”
"Always happy to help :-)"
DEXTER, SEPT 24
“The auditor transition from Mazars to CP was seamless and didn’t affect the deadlines. Thanks much Tara and team.”
"Brilliant to hear Dexter, thank you!"
PETER, SEPT 24
“Fast efficient service.”
"Lovely to hear this!"
GAIL, SEPT 24
“Audit undertaken in very timely manner. Our only issue is with the fees, although we do appreciate that a reduction was applied on this occasion.”
“Thanks for the comments Gail.”
MATTHEW, SEPT 24
“Helpful and responsive during audit process. Fee is not unreasonable. Sensible approach to audit and accounts disclosures.”
“Brilliant feedback, thank you.”
ELEANOR, SEPT 24
“We would like a more consistent approach with the audit questions that we receive.”
“Thanks for your comments, our team will strive to improve for you.”
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