Regulator proposes changes to scheme accounts

The 39 page report sets out the findings of a year long review by a working group chaired by the Pensions Regulator which considered the implications of the recent changes have had for pension scheme reports and accounts. As a result the body has put forward five proposals for discussion and comment which should be made before the 25 August: Inclusion of a governance statement in the trustees’ annual report and accounts, which would cover aspects such as the extent and nature of trustee training and the effectiveness of risk management procedures. The removal of miscellaneous com...