Global assets under management are expected to top $145.4 trillion by 2025 according to PWC – 15% of which will be in private markets. Pension funds will be a significant owner of part of these assets. Whilst Pension Fund Trustees have an ultimate legal obligation to deliver the best realistic net risk adjusted returns to deliver defined benefit (DB) pensions, or to optimise defined contribution (DC) members’ outcomes, they also have the opportunity to make a real difference to humanity, society and the world we live in.
Why going concern matters in the preparation and audit of pension scheme financial statements
By now, most pension scheme trustees are likely to have had discussions with their auditor about preparing a going concern assessment and will have noticed that a bit more is being asked of them.
