Policy paper

Draft legislation: The Registered Pension Schemes (Audited Accounts) (Specified Persons) (Amendment) Regulations 2015

This draft legislation is to amend who can audit the accounts of registered pension schemes.

This publication was withdrawn on

These regulations are now finalised and have been published. Please read The Registered Pension Schemes (Audited Accounts) (Specified Persons) (Amendment) Regulations 2015, SI 2015/1518.



HM Revenue and Customs (HMRC) has published a draft Statutory Instrument and draft Explanatory Memorandum for comment.

HMRC can ask for audited accounts of registered pension schemes to be provided. Previously under tax and Department for Work and Pensions (DWP) regulations, a sponsoring employer of a scheme was prevented from being an auditor.

DWP regulations were amended last year to provide an exemption for very large trust-based multi-employer schemes with 500 or more employers. The Auditor Regulations make similar changes to the tax legislation.

The Auditor Regulations are expected to have effect from 6 April 2015.

If you have any comments on these regulations please email these by 29 May 2015 to pensions.policy@hmrc.gsi.gov.uk marking your email ‘Draft Regulations’.

Published 25 March 2015