
Since the pensions statement of recommended practice (SORP) was issued in November 2014 there have been a number of amendments to FRS102. Most are not relevant to pension schemes, but there are two changes which do impact on the SORP. The SORP will not be reissued, but the following guidance (issued by the Pensions Research Accounts Group (PRAG) in January 2016) should be read in conjunction with the SORP when preparing pension scheme accounts.
For advice on the financial reports of pension schemes, please email Elizabeth Irvine