ORA: an overview

Basics of the Pension Scheme ORA The Own Risk Assessment (ORA) is a new element in pension scheme governance, brought about by the General Code of Practice, with many schemes having to produce their first ORA by 31st March 2026. Under the Code, a pension scheme ORA is an assessment of how well the scheme’s…

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How Much is a Pension Scheme Audit Going to Cost?

pricing

Pension Scheme Audit Prices What is the price of a pension scheme audit? This, of course, is always one of the first questions a pension trustee or pension administrator has when starting the research process for a pension scheme auditor. At Assure UK, we’ve received this question hundreds of times, likely within the first couple…

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ISAE 3000 & 3402

ISAE 3000

The demand for assurance to build up trust and endorse business relationships is global. To achieve this, international standard-setters have issued standards and guidance for non-audit assurance services. The key body being the IAASB – the International Auditing and Assurance Standards Board. One of the two most significant standards is the IAASB’s International Standard on…

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Client Feedback Survey: A Summary

We believe that in order to grow, we need to retain clients as well as acquire new ones. We had a feeling our clients were satisfied with our service, evidenced by our client feedback survey which was giving us positive feedback and a high NPS (net promoter score). However, we wanted to gather more in-depth…

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Add value to your members by offering them an MOT

The recent introduction of the enhanced digital Midlife MOT by the UK Government represents an essential change in the way retirement planning is approached. As the dynamics of work and life expectancy continue to progress, this action focuses on leading people of ages between 40 and 50 towards a more stable and prepared future. Louise…

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The Pensions Regulator’s Annual Report 2022-2023

In a dynamic year marked by industry transformation and shifting responsibilities, The Pensions Regulator (TPR) has released its Annual Report and Accounts for 2022-2023. This is crucial document not only reflects the achievements of the regulator but also emphasizes its role in safeguarding pensioners’ interests among changing pension patterns. Over the past year, TPR has…

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Strengthening Resilience in Liability Driven Investment Funds: A Regulatory Requirement

investment funds

In the continuously developing environment of financial markets, the resilience of investment funds continues to be a predominant concern for both regulators and investors alike.  This concern was accentuated in the past months by united statements from Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, collectively identified…

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Pensions Regulator’s New Single Code of Practice

Single Code of Practice

Single Code of Practice – New Framework A new Single Code of Practice is scheduled to be release by the Pensions Regulator. This is aimed at further optimising and improving the existing regulatory framework. And is part of the evolving development of the pensions industry and retirement plans , all with the goal of ensuring…

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From Awareness to Action: Bridging the Gap in DC Pension Schemes’ Value

Pension Schemes

It’s an appropriate time for DC pension schemes to question whether they are providing value to members – particularly the smaller schemes. A recent survey revealed a lack of awareness around value and ultimately, failing to meet expectations set by The Pensions Regulator (TPR).   Survey Results Undoubtedly, it is a challenge for smaller DC…

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