Pension schemes
The current regulations relating to pension schemes are becoming increasingly complex and have been the subject of a continuing overhaul. Since the introduction of The Pensions Act 1995, almost all pension schemes are required to have an audit. Only the smallest schemes are able to claim exemption and Trustees face sanctions where an auditor is not appointed when necessary.
Wellers acts for a number of schemes including final salary, defined contribution, and mixed-element or hybrid schemes. Our pension audit department acts for one national pension provider auditing over thirty of its schemes. Discover how the key elements can be brought together to enhance your pension scheme provision.
Our integrated pension schemes services include:
- Providing a guaranteed fixed price service
- Planning our work to comply with deadlines set down in the 1995 Act
- Protecting Trustees from fear of penalties or prosecution.
- Assisting with internal controls and systems from the outset
- Carrying out a comprehensive review of the systems already in place
- Providing audit services to many of the self administered schemes set up by our clients through the services of our Financial Services department.
“The fixed price guarantee Wellers offers is excellent from a budgetary perspective. Wellers are hot on pension planning and are strong auditors that we are proud to have not only as a name on the audit statement but also as a valued adviser.”
