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…

Read More

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…

Read More

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…

Read More

Safeguarding Sensitive Data: The Significance of ISO 27001 for Pension Audit Companies

In today’s digital age, data breaches and cyber threats are lurking around every corner, posing a threat to businesses across all industries. For pension audit companies who are entrusted with sensitive financial information, ensuring data is safe is a top priority. This is where ISO 27001, the international standard for information security management, plays a…

Read More

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…

Read More

Data collection: Creating Financial Security for the Next Generation of Pension Savers

financial security

“Many working-age people may not realise just how much risk they are facing when it comes to ensuring financial security in retirement.” – Jonathan Cribb Becoming a data-led and digitally enabled industry is more important as we begin introducing the newest generation to pension saving. The shift towards a predominantly defined contribution (DC) industry has…

Read More

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…

Read More

Trustees must not lose focus on protecting savers from economic volatility

Signs of recovery within some financial markets have emerged following last year’s economic turmoil; with the average loss in pension since the UK Government’s ‘Mini-budget’ being 4%, Trustees should remain focused on protecting their savers from economic volatility. Recent months have seen UK equities balance in value, but rising interest rates and high inflation continue…

Read More

Supporting DC Members

Amongst concerns that the value of some defined contribution (DC) pots has fallen, The Pensions Regulator (TPR) released a statement in January 2023 stating that savers must be supported during economic volatility. With the rising cost of living, savers under financial stress may be more susceptible to pension scams and fail to make long-term decisions…

Read More