Pension schemes

Kreston Reeves provides pension scheme accounts preparation, statutory audits, internal control testing, and financial statement support for Occupational Pension Schemes. The team works with scheme trustees to help meet statutory obligations and offers tailored audit services designed around each scheme’s specific structure and requirements.

Kreston Reeves works with a broad range of Occupational Pension Schemes, supporting Scheme Trustees with their statutory responsibilities. Its clients include small legacy schemes established by private limited companies as well as schemes with more than 3,500 members sponsored by listed employers. Our broad experience sees us working with a wide number of different administrators.

Kreston Reeves maintains high involvement from partners, managers and experienced senior staff throughout the audit process. This approach supports clear communication with administrators, reduces the risk of late-stage queries, addresses issues quickly and helps avoid unnecessary delays or lengthy file reviews. We work closely with the administrators, resolving queries as we go to ensure we meet the statutory or client deadline.

Pension scheme accounts and audits may need to be completed by different firms because of ethical independence requirements. When preparing accounts, Kreston Reeves shares comprehensive working papers with administrators and scheme auditors to support an efficient audit process and minimise disruption.

Kreston Reeves prepares pension scheme accounts, supports the preparation of compliant financial statements and shares detailed working papers with administrators and auditors. This collaborative approach is intended to improve efficiency, keep all parties informed and help maintain the accuracy and integrity of the scheme’s financial reporting.

Kreston Reeves adapts its audit approach to match the design and structure of each pension scheme. We always take into consideration how the administrator prefers to work and share information, and adopt their preferred method where possible. The process is intended to meet statutory audit requirements while producing accurate, transparent financial statements and providing practical insights that can help improve the scheme’s management.

At the end of every audit, Kreston Reeves prepares a comprehensive Management Recommendations Report for trustees. The report is designed to highlight findings and recommendations, while the firm’s audit approach aims to deliver insights that extend beyond basic compliance reporting.