The SORP for DC employer pension schemes may be contained in which document?

The SORP for DC employer pension schemes may be contained in which document?

• A. Annual Report
• B. Annual Benefit Statement
• C. Audited accounts
• D. Disclosure Statement

Answer: (B)

The SORP sets how pension scheme financial information should be presented. For defined contribution employer schemes, this reporting framework is applied to the scheme’s own financial statements, which are prepared as part of the scheme’s annual report and accounts and are typically included in the audited accounts. The annual benefit statement is a member-facing document detailing individual entitlements, not the scheme’s accounting framework, and a disclosure statement covers governance or policy disclosures rather than the SORP. So, the SORP would be found in the audited accounts within the scheme’s annual report.

The SORP sets how pension scheme financial information should be presented. For defined contribution employer schemes, this reporting framework is applied to the scheme’s own financial statements, which are prepared as part of the scheme’s annual report and accounts and are typically included in the audited accounts. The annual benefit statement is a member-facing document detailing individual entitlements, not the scheme’s accounting framework, and a disclosure statement covers governance or policy disclosures rather than the SORP. So, the SORP would be found in the audited accounts within the scheme’s annual report.