Pensions

Baker Tilly works with pension scheme trustees, scheme management and corporate scheme sponsors.

Our partnership approach ensures that we stay aware of the issues and concerns that matter to them, which may include:

• Pension scheme deficits and the steps necessary in monitoring the sponsor covenant to ensure that schemes are adequately funded to meet members’ needs
• Maximising return on investment while maintaining and monitoring the appropriate balance between risk and return
• The demands for scheme member data to be accurate and the controls necessary to keep it up to date
• The challenges of the NEST proposals due to take effect from 2012
• Communication and constructive engagement with scheme members
• Communication with scheme sponsors to ensure that they remain aware of and understand their responsibilities towards pension scheme members
• The ever increasing regulatory pressure and tighter standards of governance expected of scheme trustees

Industry expertise with international reach

• Audit and assurance services which add value in respect of internal controls and regulatory compliance
• Flexible and focussed covenant reviews to assess the financial strength of the scheme sponsor
• Facilitated risk management reviews for trustee boards to identify and address key risk areas
• Facilitated governance reviews to ensure trustees are fully aware of their duties
• Trustee training and the establishment of internal trustee training mechanisms
• AAF01/06 reporting assistance for pension scheme administrators, investment managers and custodians
• Taxation recovery, especially from overseas jurisdictions, working with Baker Tilly International’s global network
• VAT recovery to maximise scheme funding
• Accounting services for schemes of all sizes and complexity
• Forensic accounting support to assist in identifying fraud and enabling recovery.

Restoring confidence in pensions

Baker Tilly brings value to pension scheme clients through our experienced, accessible and focussed Pensions Group. This can deliver tangible benefits through:

• Better trustee awareness and understanding of their pension scheme leading to improved standards of governance
• Understanding the strength of the employer covenant and assisting with appropriate deficit recovery plans
• More efficient and effective scheme management with appropriate internal control mechanisms
• Acting as trustees’ eyes and ears in order that they can have confidence in their service providers

 Download our Pensions brochure