A death in the family?

For more information on how to protect your organisation from fraud, contact the BDO Stoy Hayward Fraud Investigation and Recovery Services Team (‘FIRST’) on 0700 BDO FIRST (0700 236 3477) or by email: first@bdo.co.uk

The topic of pensions traditionally conjured up discussion of how to best enjoy a comfortable retirement. Recently, problems ranging from funding shortfalls to controversial accounting standards (FRS 17) to low annuity rates and falling markets have wreaked havoc in the once peaceful sector. Generating risks, these issues have led to additional problems, such as poor stewardship of scheme funds, inaccurate membership records, insolvent employers and failures in regulatory compliance. More than ever scheme trustees need clear thinking, a strong constitution and skilled professional advisers.