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PRAG - Pensions Research Accountants Group
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What is PRAG?

Welcome to the PRAG website

PRAG is an independent research and discussion group for the development and exchange of ideas in the pensions field.    Our efforts are mainly on the areas of reporting and accounting by pension schemes, but we have produced reports on other related matters.  A substantial proportion of our work is in relation to the SORP, "Financial Reports of Pension Schemes" and associated guidance, particularly investment disclosures.

We are a non-profit making organisation.  Our membership is drawn from the auditing profession, specialist accountants working for third party administrators and for pension schemes and pensions specialists from other professions and disciplines.

Please do browse this site to find out more about PRAG and add comments to our consultations on current hot topics.

Shona Harvie




We would appreciate your comments regarding the organisation or the website, please send your comments to:- feedback@prag.org.uk





The PRAG AGM and 40th Anniversary Celebration took place on 23 November 2016 at the Royal College of Physicians

Click here for the presentations from the day.


Triennial review of FRS 102

When FRS 102 was issued in March 2013 the FRC indicated it would be reviewed every three years.  The first triennial review is now in progress.  The FRC is keen to hear stakeholders’ views on possible improvements to FRS 102 and there will be a number of opportunities for stakeholders to comment.

It would be helpful if members who do respond to the FRC copy in the Secretary to the SORP Working Party in advance of its next meeting on 17 October 2016.

For more details click here


VAT update

Click here to see the latest guidance from HMRC


Guidance on DC Chair's statements published

PRAG has published guidance to support the preparation of governance statements

Click here to be re-directed to the Members' Information page






Statements of Recommended Practice ("SORPs") are recommendations on accounting practices for specialised industries or sectors.  

PRAG is recognised by the ASB as the appropriate body within the pensions industry for issuing statements of recommended practice governing the form and content of financial statements for pension schemes.


On this site... 

 Current Projects
 Useful links 

Related Internet links...

 Accounting Standards Board
 The Pensions Regulator
 Pensions Archive Trust

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