Audit and assurance
Pension scheme audits are not merely a matter of
compliance. The financial statements form an integral part
of ensuring that a scheme is well run. We are accustomed
to dealing with the other professionals involved in pension
schemes, in order to ensure that our work is carried out
efficiently and to a high standard.
We will therefore:
Provide a service based on a full understanding of the key business, audit and financial reporting risks of your pension scheme.
Test those risk areas in line with the existing internal financial controls.
Issue an audit summary report detailing any
findings following completion of your audit.
Provide easy access to our senior people and
continuity of staff.
‘What I like about working with
Chiene + Tait is that they listen.
They tailor their work to fit our needs and
provide feedback that is clear, concise
and understandable to the Trustees.’
Glenn Andrews
Trustee, Kwik-Fit Group Pension
& Life Assurance Scheme
Chiene + Tait is a leading independent firm of chartered accountants and
business advisors. Headquartered in the centre of Edinburgh with an office
in London, we have enjoyed significant success over the years with an
impressive client base throughout the UK.
With a complement of over 110 staff, we are one of the leading
independent accountancy firms in Scotland. At Chiene + Tait,
we care about what we do and how we can share our knowledge
and experience to ensure our clients’ financial affairs are cared for.
Pensions sector
Pension specialist group
The pensions sector is complex and highly regulated.
Continuing uncertainties in the economic environment,
together with constant changes in legislation, place
increasing demands on pension scheme trustees.
C+T is one of only a few Scottish firms with a dedicated
pensions group. We have an extensive pension client
base and a variety of services, which enables us to
provide advice to trustees across a range of sector issues.
We can also facilitate pension related training, required by
law, including the principles of funding and the investment
of scheme assets.
In particular, trustees risk personal liability
unless they can demonstrate that they have
acted in the best interests of members by
ensuring that schemes are prudently run.
At Chiene + Tait, we provide a client driven service,
tailored to your needs.
Our services
Our experience
Our services to pension schemes include:
Chiene + Tait currently act for a wide range of
pension schemes. Our clients vary in size from
small self-administered schemes to a multi employer
scheme with Net Assets of over £1 billion.
Audit and financial reporting
Tax and VAT consultancy
Chiene + Tait specialist services
Data and IT Assurance
Information systems are the lifeblood of organisations
and it is imperative that technology risks should be
regularly assessed and mitigated. C+T is able to
provide independent assurance in relation to your IT
risks and as part of this can offer an innovative data
interrogation service. Our work can help to ensure
that controls over your IT systems and data are
robust and that you meet your regulatory obligations.
“We appointed Chiene + Tait as auditors of this large
industry wide pension scheme in 2003 and have
always been impressed by the high level of professional service which we have received from them. In
my view, Chiene + Tait should be considered by any
pension scheme reviewingits audit arrangements.”
Robert D Burgon
Secretary & Pensions Manager,
Plumbing Pensions (UK) Ltd
Employer covenant assessment
C+T can assist Trustees in reviewing the financial
viability of the sponsoring employer and identify risks
to deterioration of the employer’s financial strength.
We can also provide support to Trustees in the
course of negotiating a deficit recovery.
Trustee training
C+T can facilitate bespoke training to trustees,
designed to cover specific topics, as and
when required, including the implementation of
the 2015 Pensions Statement of Recommended
Practice.
At Chiene + Tait, we provide a client driven
service, tailored to your needs.
“Since we appointed Chiene + Tait as auditors for our
pension schemes, I have found them to be not only
knowledgeable, experienced and thorough,
but also enthusiastic and helpful.
Anne Macintosh
Deputy Treasurer, The Church of Scotland
If you would like to know more about how Chiene + Tait can help you
with your pension scheme, please contact:
Malcolm Beveridge
Partner, Head of
Pensions Group
Jeremy Chittleburgh
Pension Audit Partner
Barry Allan
Pension Audit Specialist
Edinburgh: 0131 558 5800
London: 020 3178 6825
Email: [email protected]
www.chiene.co.uk