New Pensions SORP 2015

The new Pensions SORP which provides guidance for producing pension scheme accounts was launched on 25 November 2014 following the publication of FRS 102. The changes detailed in the new SORP are mandatory for accounting periods commencing 1 January 2015 and comparative data is required. The key new requirements cover: Investment risk disclosures Valuation hierarchy…

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Pensions SORP ED out for comment as FRS 102 deadline approaches

Issued by the Pension Research Accountants Group (PRAG), the ED of the Statement of Recommended Practice Financial Reports of Pension Schemes (SORP) has been significantly updated to reflect changes in accounting standards, regulations and the pension industry since the previous SORP on pension scheme financial reporting in 2007. The main changes proposed in the ED…

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