The following Pensions Q&A provides comprehensive and up to date legal information covering:
This Q&A relates to an occupational pension scheme.
The main legislative requirements on the preparation and audit of the financial statements (accounts) of an occupational pension scheme are set out in the following legislation (as amended):
the Pension Schemes Act 1993, the Pensions Act 1995 and the Pensions Act 2004 (PeA 2004)
the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI 2013/2734
the Occupational Pension Schemes (Scheme Administration) Regulations 1996 (Scheme Administration Regulations 1996), SI 1996/1715
the Occupational Pension Schemes (Requirement to Obtain Audited Accounts and a Statement from the Auditor) Regulations 1996, SI 1996/1975
Unless the pension scheme falls within one of the categories listed in Scheme Administration Regulations 1996, SI 1996/1715, reg 3(1), an auditor must be appointed. The appointment must be made by the trustees.
The trustees are also required to act in accordance with the provisions of the trust deed and rules of the scheme, while operating within the framework of the legislation as well as the law of trusts. Trustees must obtain aud
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Voluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished responsibility or suicide
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies,
STOP PRESS: The Corporate Insolvency and Governance Act 2020 contains provisions which, on a temporary basis (presently until 31 December 2020) impose significant limitations on the ability for a creditor to seek a winding-up order against a company. For further reading, see Practice Note: Corporate
The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.