Accountancy Services
It is envisaged that, from time to time, in accordance with the Drawdown Mechanism described in this RFP and the Framework Agreement, tenderers appointed to the framework will be asked to provide accountancy services to the Board. The work may be project or scheme specific depending on the issue involved.Examples of the types of issues for which the Board envisages it may require accountancy services include but are not limited to the following:- Accountancy issues arising from the implementation of pensions legislation relevant to the Boards remit;- Investigations into particular schemes in order to ensure compliance with the Pensions Act;- Research/examination in relation to charging structures of fees/charges/expenses/commissions associated with pension schemes;- Forensic Accountancy for pension schemes to assist in investigations/prosecutions;- on-site auditing of schemes' administration process;- governance and On-site auditing of entities (insurers/brokers) administration processes and procedures.The following are an illustrative list of recent projects conducted by the Board where accountancy input was required:- An examination of the impact of FRS17 on pensions provision;- A report on the examination of charging structures for a specific scheme;- An on the site inspection of a premises as an 'authorised person' under Section 18 of the Pensions Act.
