Pension Scheme Audit That Gives Trustees Real Assurance
Trustees are legally responsible for the financial statements of their pension scheme. ABM Chartered Accountants delivers pension scheme audits that verify contributions, investments, and benefits, giving trustees and members the confidence that scheme assets are properly accounted for.
Pension Accounts Audited With Specialist Knowledge
Occupational pension schemes with 100 or more members must have their annual accounts audited by a registered auditor. The audit examines whether the financial statements give a true and fair view of the scheme’s transactions, assets, and liabilities. ABM Chartered Accountants provides pension scheme audits that meet the requirements of trustees and regulators alike.
Our ICAEW and ACCA qualified accountants audit pension scheme accounts prepared under FRS 102 and the Pensions SORP. We test contributions, verify investments, review benefit payments, check the trustees’ annual report for consistency, and report any matters of material significance to The Pensions Regulator as required.
What Our Pension Scheme Audit Covers
From auditing your scheme’s financial statements to regulatory reporting, here is how ABM Chartered Accountants delivers a thorough pension scheme audit trustees can rely on.
Financial Statement Audit
Auditing your pension scheme's financial statements to confirm they give a true and fair view.
Contributions Testing
Verifying that employer and member contributions have been received correctly and on time.
Investment Verification
Confirming that scheme investments exist, are properly valued, and correctly disclosed in accounts.
Trustees' Report Review
Reviewing the trustees' annual report to check it is consistent with the audited financial data.
SORP Compliance
Ensuring your scheme's accounts are prepared in line with FRS 102 and the Pensions SORP 2026.
Regulatory Reporting
Reporting matters of material significance to The Pensions Regulator as required under law.
Protect Your Members and Meet Your Duties
Trustees have a legal duty to obtain audited accounts and include them in the scheme’s annual report. A failure to do so is a breach of pensions legislation. ABM Chartered Accountants delivers your audit within the regulatory timeframe, so you meet your obligations and your members receive the assurance they are entitled to.
A pension scheme audit also protects trustees personally. It provides independent verification that contributions have been received, investments are correctly valued, and benefits are being paid accurately. If something is wrong, the audit identifies it early, before it becomes a regulatory issue or a loss to members.
Pension Scheme Audits for Schemes Right Across the UK
Based in Canary Wharf, London, ABM Chartered Accountants audits pension schemes throughout the UK. We work with trustees, scheme administrators, and advisors to deliver audits efficiently and on time.
Audits for Every Type of Pension Scheme
We audit defined benefit schemes, defined contribution schemes, hybrid schemes, and multi-employer arrangements. Whatever the structure of your scheme, our team has the specialist knowledge to audit it properly.
Why Trustees Choose ABM Chartered Accountants as Auditors
Chartered Pension Auditors
ICAEW and ACCA qualified with pension audit depth.
Regulatory Standards Met
Audits delivered to FRC standards and TPR requirements.
Trustees Fully Supported
Clear reporting that helps trustees fulfil their duties.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
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Frequently Asked Questions
Here are answers to the pension scheme audit questions we hear most often. Contact our team for guidance.
Does my pension scheme need an audit?
Occupational pension schemes with 100 or more members are required by law to have their annual accounts audited. Schemes with fewer than 100 members may still choose a voluntary audit but are generally only required to obtain an auditor’s statement about contributions.
What does a pension scheme audit cover?
The audit covers the scheme’s financial statements, including contributions received, investment valuations, benefit payments, transfers, and administrative expenses. We also review the trustees’ annual report for consistency and check compliance with FRS 102 and the Pensions SORP.
What is the Pensions SORP?
The Pensions SORP is the Statement of Recommended Practice for the financial reports of pension schemes. A revised SORP was published in 2026 and applies to accounting periods beginning on or after 1 January 2026. ABM Chartered Accountants ensures your accounts comply with the latest version.
What are matters of material significance?
Auditors have a statutory duty to report certain matters to The Pensions Regulator. These include late or missing contributions, breaches of law, and any situation that could prejudice scheme members. ABM Chartered Accountants identifies and reports these matters as required.
When must the audited accounts be ready?
Trustees must prepare the annual report including audited accounts within seven months of the scheme year end. The report must then be made available to members on request. ABM Chartered Accountants plans the audit timetable to meet this deadline comfortably.
How much does a pension scheme audit cost?
Fees depend on the size of the scheme, the number of members, the complexity of investments, and the quality of records provided. We offer transparent, fixed-fee pricing agreed before the audit begins. Contact ABM Chartered Accountants for a tailored quote.