PRAG has working parties considering various subjects. Certain subjects are ongoing and "standing" working parties continue to operate to deal with various issues as they arise from time to time. Other working parties are formed to focus on specific issues and then publish a report for circulation to members.

PRAG is keen to sponsor new working parties and is currently seeking to establish groups looking at Summary Reporting and Myners. If you would like to be involved with these working parties or have suggestions for an alternative working party please contact the Research Secretary.

The role of the European Working Party is to keep a focus on Pan European issues that are likely to have a consequence on the UK. To this end, the Committee seek feedback from many individuals, organisations and other committees involved in Europe to identify the likely impact on UK pension arrangements.

In the last month the working party has regrouped and a meeting is being held in the near future to consider new subjects as well as revisit subjects on which guidance has previously been given.

This Working Party was originally formed to provide guidance on dealing with the new self-assessment regime introduced by the Inland Revenue. However, it continues to monitor taxation matters generally and maintains close contact with the PSO on various issues. PRAG has not responded to the Government's paper on simplifying taxation of pensions, but is supportive of the general principle.

This Working Party was formed to consider the implications of FRS 17 and to provide practical guidance on its implementation within company accounts. The guidance was published in April 2003 and a copy was sent to all members. Further copies of the booklet are available, please see the publications page.  Following the ASB issuing a new exposure draft on FRS 17, PRAG is considering reformingthe working party with a view to commenting thereon.

This working party was formed in 2001 with a view to updating PRAG?s previous booklet on this subject. Work on the subject was postponed pending the revision to the SORP, however, the working party has now reconvened and hopes to publish guidance very shortly.

This working party considered a number of aspects of investment reporting and issued guidance in February 2005.  A copy can be purchased from Margi Slade (see publications page) alternatively members can obtain an electronic copy by logging in and going to the members section on the publications page.

This group was set up in 1999 to report on the implications of the new Data Protection Act for pension scheme trustees. It has worked in close co-operation with the APL and, latterly, the SPC. Considerable time and effort has been spent by all members of the working party. The work was completed in late 2002 and the Executive is pleased to congratulate all involved. The booklet was published in February 2003 and a copy was sent to all members. Further copies of the booklet are available, please see the publications page.

In the last few years PRAG has completed projects on accounting for insurance policies, VAT and outsourcing in addition to collaborating with the PMI on a new Pensions Terminology booklet and a wider pensions industry group looking at model administration agreements.