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Recorded webinar | ACCA

Accounting for pension schemes: key updates and practices

This course is tailored for accounting professionals involved with occupational pension schemes, covering recent legislative changes and focusing on practical accounting and auditing issues

Overview

Two people looking at a laptop

This three-hour online course is designed for accounting professionals who produce accounts for occupational pension schemes and for those who audit these schemes. It is also suitable for those who wish to further their knowledge of pension schemes and the legislation surrounding them. The course covers some recent changes to legislation announced in the previous year and focuses on the practical issues involved in running schemes, along with accounting for and auditing them. Although a summary of recent tax changes will be covered, this course will focus more on the accounting and auditing issues.

Accounting for pension schemes

  • The SORP and accounting standards
  • Recent changes in pensions reporting requirements
  • Common accounting issues with pension schemes
  • PRAG Update

Auditing pension schemes

  • Practice Note 15
  • Planning a pension scheme audit
  • Auditing contributions
  • Common auditing issues with pension schemes

The Role of the pension scheme trustee

  • Trustee duties
  • Interaction with other professionals
  • Trustee Knowledge
  • Member-Nominated Trustees
  • Employer-Related Investments
  • Independent Trustees

The Pensions Regulator (TPR)

  • Recent amendments to guidance
  • Overview of codes of practice
  • Reporting to TPR
  • Auto-enrolment
  • The Pensions Protection Fund Purple Book 2024

Brief overview of tax changes that impact pension schemes announced in the recent Budget

  • Inheritance tax on pension funds
  • Tax-free overseas pension transfers
  • Requirements for pension scheme administrators
  • State pension update

Darren Leiser

Darren Leiser is a freelance lecturer and consultant specialising in financing, budgeting and management seminars, which includes financial reporting (under UK GAAP and IFRS), pension schemes, charities, corporate finance, budgeting, auditing, finance for non-finance managers, quantitative methods, corporate governance, costing and effective management processes.

Darren holds a BSc (Hons) degree in Mathematics and a MSc in Finance. He is a Fellow of The Chartered Association of Certified Accountants (FCCA) and obtained the Auditing Practicing Certificate. He is also a member of the Pensions Research Accountants Group.

Darren has over 20 years of experience in the profession, having worked for several of the largest accountancy practices in the UK along with several smaller ones too.

As an auditor with a top five UK firm Darren was involved with auditing some of the largest pension schemes in the UK that are linked to many national and international companies.

He has taught both throughout the UK and internationally presenting courses in many countries including UAE, Oman, Switzerland, Italy, Saudi Arabia, Greece, and Georgia to name a few. He has taught on the CPD circuit for the major accountancy Institutes including the ICAEW, ACCA and ICAS. He has also presented various in-house courses for organisations such the National Audit Office and European Space Agency.

This event was recorded on 18 February 2025

Price

Price (excluding VAT) 108 GBP

Location

United Kingdom

Date & time

On demand

Enquiries

Email enquiries UKCL@accaglobal.com

Course provider

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