In 2007 The Summary Reports Working Party updated guidance to assist trustees and others with the preparation of summary reports. This is only in electronic format and is attached. The Guidance refers to legal requirements to supply information to members. A summary of the key requirements is available on Sacker & Partners' website, which can be accessed using this link.
2007
The winners of the PRAG Summary Reports Awards 2007 were announced at the AGM in November. A report on the judging process is shown below, together with the two winning entries:
Report on the Entries to the PRAG Summary Reports Awards 2007
Xerox FundXtra
TI Group Pension Scheme
If you would like to enter the Summary Reports 2008 competition, please email bob.hymas@bakertilly.co.uk.
2006
PRAG ran the competition in 2006, this time with entries split between two bands - schemes with assets of over £1 billion and schemes with assets of under £1 billion. The winners were announced at the Summer Meeting in June. A report on the entries and the winning schemes is attached.
Copies of the winning reports are below:
Royal London Group
Dixons Retirement & Employee Security Scheme
2005
To gain an understanding of current practice and provide examples of best practice, PRAG relaunched the Summary Reports Award and this was presented at the Summer Meeting in June 2005. Details of the entries and the recipient of the Award are attached.
