Latest NewsLaunch of the 2009 Summary Reports Award PRAG believes that it is now more important than ever to engage members of pension schemes with targeted and relevant information to resolve any concerns that they may have over their pensions. High profile closures of pension schemes and on-going concerns over the economy mean that members of schemes may have worries over the security of their pension. For members of defined contribution arrangements there is also a potential time-bomb if they find on retirement that their pension falls considerably below expectation. Many schemes produce popular reports for their members which provide valuable information about the scheme and can address the worries of members.
PRAG is keen to recognise best practice for popular reports and is pleased to announce that trustees and managers of schemes can now enter their popular reports for the 2009 award. This will be the fifth successive year of the award. Over the five years the judging criteria has extended from being just about financial information to the overall communication with members. There are separate categories for defined benefit and defined contribution schemes. There will also be sub-categories to recognise different scheme sizes. PRAG is keen to receive entries from schemes of all sizes. The only criterion is that it is a report issued in the last 12 months. There is no formal entry form. Schemes should send a copy of their report to the PRAG secretariat: margislade@blueyonder.co.uk 187 Rednal Road
Kings Norton
BIRMINGHAM
B38 8EA Entries can be made using hard copy, although PDF versions are preferred. Links to electronic reports on member web-sites are welcome. The closing date for entries is 31 August and the awards will be presented at the PRAG AGM on 24 November 2009 at the Royal Overseas League in London.
Notes for editors PRAG is an independent research and discussion group for the development and exchange of ideas in the pensions field. Its efforts are concentrated mainly on the areas of reporting and accounting by pension schemes but it has also produced reports on other related matters. A full history of the group can be found at http://www.prag.org.uk Further information on the Summary Reports Working Party and the award can be obtained from: Bob Hymas Baker Tilly
12 Gleneagles Close
Brighton Road
Crawley
West Sussex
RH10 6AD 01293 591802 bob.hymas@bakertilly.co.uk | 
