Identity area
Reference code
Title
Date(s)
- 1976-2014 (Creation)
Level of description
Extent and medium
1.6 linear metres.
Context area
Name of creator
Biographical history
The Pensions Research Accountants Group (PRAG) is an independent research and discussion group focused primarily on the reporting and accounting of pension schemes. PRAG was founded in 1976 by Mike Young, the Group's first chairman and honorary President. PRAG is administered by an Executive Committee, with members from across the range of professions involved in pensions. It becaome a private company limited by guarantee in 1997.
PRAG produce reports on subjects of interest in the pensions field and responses to official documents on pensions. These are produced by working parties made up of PRAG members with a relevant specialism or interest who may be joined by external specialists. PRAG's first publication, Financial Reports for Pension Funds, was published in 1978, and working parties went on to produce a range of reports on specialist areas of accounting and the practical administration of pension funds.
PRAG were involved in the development of the Accounting Standards Committee's Statement of Recommended Practice (SORP) on the Financial Statements of Pensions Schemes, and the Group later received approval from the Accounting Standards Board for producing pensions SORPs which enabled them to issue revisions of the Pension SORP in 1996, 2002 and 2007. The Group also submitted recommendations to the Accounting Standard Committee's Statement of Standard Accounting Policy on accounting for pensions costs in employer's accounts.
The papers in the collection come from four sources:
- Mike Young, Chairman 1976-1981 and President 1976-;
- Mike Jones, Research Secretary 1984-1988;
- Geraldine Kaye, General Secretary 1985-1988 and Research Secretary 1988-1991;
-
Glyn Peat, Research Secretary 1991-1993 and Chairman 1993-1996.
Source of information: www.prag.org.uk [accessed 19 May 2011].
Repository
Archival history
GB 0074 LMA/4583 1976-2014 Collection 1.6 linear metres. Pensions Research Accountants Group
The Pensions Research Accountants Group (PRAG) is an independent research and discussion group focused primarily on the reporting and accounting of pension schemes. PRAG was founded in 1976 by Mike Young, the Group's first chairman and honorary President. PRAG is administered by an Executive Committee, with members from across the range of professions involved in pensions. It becaome a private company limited by guarantee in 1997.
PRAG produce reports on subjects of interest in the pensions field and responses to official documents on pensions. These are produced by working parties made up of PRAG members with a relevant specialism or interest who may be joined by external specialists. PRAG's first publication, Financial Reports for Pension Funds, was published in 1978, and working parties went on to produce a range of reports on specialist areas of accounting and the practical administration of pension funds.
PRAG were involved in the development of the Accounting Standards Committee's Statement of Recommended Practice (SORP) on the Financial Statements of Pensions Schemes, and the Group later received approval from the Accounting Standards Board for producing pensions SORPs which enabled them to issue revisions of the Pension SORP in 1996, 2002 and 2007. The Group also submitted recommendations to the Accounting Standard Committee's Statement of Standard Accounting Policy on accounting for pensions costs in employer's accounts.
The papers in the collection come from four sources:
- Mike Young, Chairman 1976-1981 and President 1976-;
- Mike Jones, Research Secretary 1984-1988;
- Geraldine Kaye, General Secretary 1985-1988 and Research Secretary 1988-1991;
-
Glyn Peat, Research Secretary 1991-1993 and Chairman 1993-1996.
Source of information: www.prag.org.uk [accessed 19 May 2011].
Records deposited in 2008, 2009, 2010 and 2019.
Records of the Pensions Research Accountants Group, comprising: minutes of the Executive Committee and Annual General Meeting (1976-1999) and the annual accounts (1977-1997); papers of working parties working on reports and publications; papers of working parties producing responses to consultations; material relating to outreach; membership files kept by Group members; and publications produced by the Group (1978-2014).
LMA/4583/A: Committees and Annual General Meeting;
LMA/4583/B: Working Parties;
LMA/4583/C: Consultations;
LMA/4583/D: Outreach;
LMA/4583/E: Members;
LMA/4583/F: Publications.These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 2018.
Copyright to this collection rests with the depositor.
English
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htmThis collection forms part of the Pensions Archive.
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997. Records prepared May to September 2011. Updated October 2019. Financial administration Accounting Service industries Financial service industries Pension services Finance Pensions Social security Social services Research Pensions Research Accountants Group
Immediate source of acquisition or transfer
Records deposited in 2008, 2009, 2010 and 2019.
Content and structure area
Scope and content
Records of the Pensions Research Accountants Group, comprising: minutes of the Executive Committee and Annual General Meeting (1976-1999) and the annual accounts (1977-1997); papers of working parties working on reports and publications; papers of working parties producing responses to consultations; material relating to outreach; membership files kept by Group members; and publications produced by the Group (1978-2014).
Appraisal, destruction and scheduling
Accruals
System of arrangement
LMA/4583/A: Committees and Annual General Meeting;
LMA/4583/B: Working Parties;
LMA/4583/C: Consultations;
LMA/4583/D: Outreach;
LMA/4583/E: Members;
LMA/4583/F: Publications.
Conditions of access and use area
Conditions governing access
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 2018.
Conditions governing reproduction
Copyright to this collection rests with the depositor.
Language of material
- English
Script of material
- Latin
Language and script notes
English
Physical characteristics and technical requirements
This collection forms part of the Pensions Archive.
Finding aids
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
Allied materials area
Existence and location of originals
Existence and location of copies
Related units of description
Notes area
Alternative identifier(s)
Access points
Subject access points
Place access points
Name access points
Genre access points
Description control area
Description identifier
Institution identifier
Rules and/or conventions used
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Status
Level of detail
Dates of creation revision deletion
Language(s)
- English