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Reporting definition

What does Reporting mean? In pensions practice, reporting means the regular communications trustees or providers give to members on investment performance and the value of their pension benefits. The term is descriptive; the underlying disclosure duties are set by legislation and regulation. Across England & Wales, Scotland and Northern Ireland, the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 and, for contract‑based/personal pensions, FCA rules require at least an annual benefit statement. For money purchase (DC) benefits, this must include an annual Statutory Money Purchase Illustration (SMPI) projecting benefits to retirement in today’s terms, calculated in line with FRC Actuarial Standard TM1....

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Payment Practices and Performance Reporting: Failure to Report and False Statement Offences—Elements, Defences, Penalties, Time Limits and Enforcement (England and Wales)

Practice notes
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This Practice Note outlines and analyses the criminal offences arising under the Reporting on Payment Practices and Performance Regulations 2017 (RPPPR 2017), SI 2017/395 (as amended by the Reporting on Payment Practices and Performance (Amendment) Regulations 2024 (RPPPR 2024), SI 2024/444) and the Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 (LLP(RPPP)R 2017), SI 2017/425 (as amended by the Reporting on Payment Practices and Performance (Amendment) Regulations 2025 (RPPPR 2025), SI 2025/75), collectively referred to as ‘the Regulations’. RPPPR 2024, SI 2024/444, makes amendments to RPPPR 2017, SI 2017/395, principally in connection with the information that qualifying entities must publish for financial years starting on or after 1 January 2025. RPPPR 2025, SI 2025/75, has introduced changes regarding practices, policies, and performance related to retention clauses in qualifying construction contracts with suppliers for financial years beginning on, or after, 1 April 2025. For an explanation of the Requirements in both RPPPR 2017, SI 2017/395 and LLP(RPPP)R 2017, SI 2017/425, as well as further guidance on how to meet those requirements, see the Practice Notes: Reporting on payment practices and performance and Payment practices and performance reporting—flowchart. Please note that these Practice Notes set out the position in...

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Web page updated on 22/05/2026

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