Why Are Your Pension Scheme Auditors So Important?

Pension Scheme Auditors

Pension scheme trustees need experienced, adaptable, and personable pension scheme auditors providing timely information with proof of real benefits.

And, they want to be informed – not at the end but throughout the audit process.

Pension Scheme Auditors - illustration of a person using a laptop with a series of overlaid graphics indicative of audit work

The facts about pension scheme auditors:

An independent survey carried out by a leading firm reveals that pension trustees expectations surrounding performance and delivery in the pension audit is remarkably high and adaptability is key to being a good pensions scheme auditor.

Despite some elements of the overall delivery being slightly more important than others, with 96% of respondents rating technical knowledge and expertise and 88% rating delivery in accordance with timetable and fees either eight or higher in the ratings scale, no one element was considered unimportant.

85% of participants rated the below matters eight or above in the ratings scale:

  • your audit team has the appropriate level of pensions technical knowledge and experience
  • your auditor delivers in accordance with the timetable and fee schedule
  • the audit scope and fee is agreed prior to the commencement of the audit
  • your auditor keeps you updated on progress, and any issues identified during the audit process

An effective audit is more than just some industry specific audit programme.

That’s why you need a resource that understands the pension industry. A pension scheme auditors that keep you informed, that know what it takes to motivate your readers in order for them to take action.

You also need a resource that will be adaptable to help you manage your risks and give the trustees assurance at the right time and on budget.

Assure UK focuses on communicating your pension audit results in a way that leads the pension trustees to scan effortlessly from section to section.

We understand the appropriate use of text formatting and supporting graphics to engage trustees and keep their attention.

We also take care to keep findings to a concise length – enough to present the information in detail, without making it boring or overwhelming.

In addition, our proven methodology ensures you stay updated on progress, so your audited accounts make it into the hands of your trustees on time.

Assure UK: Pension Scheme Auditors

Well performed pension scheme audits communicate scheme issues that your trustees have encountered, their potential risks and recommend next steps: they also inform and educate trustees on industry developments.

If you would like to discuss more about your pension scheme’s audit the team at Assure UK is here to help.

Specialists in both pension audits and assurance reporting, we have both an in-depth and broad-based knowledge of pensions in the UK and can support you in your duties as Pension Trustee, or Pension Management team.

Call: 020 7112 8300

Emailinfo@assureuk.co.uk

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