Since the 2015 SORP was published, the Financial Reporting Council (FRC) has made a number of amendments to FRS 102 arising from implementation experience and the FRC’s first triennial review.

There have also been changes to relevant pension legislation, mainly the withdrawal of detailed investment disclosure requirements. However, there have not been significant industry developments that impact on pension scheme financial reporting and implementation experience of the 2015 SORP has not given rise to any significant issues.