Pensions
At Nortons we believe the provision of Pension Audit Services does not link with other areas of audit and we believe in providing a niche specialist and independent service to our clients. We believe that Pensions Audit work is best carried out by specialist staff and make sure only experienced staff are used. We ensure that before any of our staff undertake an audit of a pension scheme they have had specific training as to the work to be undertaken and are knowledgeable about pension schemes generally. This knowledge is maintained by regular training courses and technical updates to everyone involved in the audit of pension schemes.
Nortons’ executive directors both have extensive pensions audit experience and so if there needed to be a change at a senior level then this can easily be accommodated. Our senior management team also have many years’ pension experience (including in pension administration) to ensure our audits are relevant and efficiently performed.
We subscribe to a Pension Schemes Audit Approach which follows a Risk Based Audit Approach. It is designed to efficiently and effectively focus the nature, timing and extent of our audit procedures to those areas that have the most potential for causing material misstatement in the financial statements. We provide services to:
- Defined Benefit
- Defined Contribution
- Hybrid Schemes
- Ear-marked Schemes
Our schemes’ employers operate a across a wide coverage and for variety of different sectors.
Nortons has combined its expertise in the pensions industry and corporate finance to offer an employer covenant review service to Trustees of pension schemes. Our covenant review can be tailored to provide the level of support needed by Trustees from a simple desktop review of the employer to a full detailed understanding of the business, history, future projections and funding options.