Pensions accounting is a complex, usually involving multiple stakeholders, non-specialist systems, and varied databases.
With the 2026 Pensions SORP, applying to schemes with a year-end after 1 January 2026, schemes have a clear reason to review whether their accounting processes are ready for updated reporting expectations. The revised SORP aligns with the latest Financial Reporting Standards (FRS102) and reflects current pension legislation and regulation.
Many legacy processes were not designed to support the level of control, transparency and efficiency now expected of pension schemes. As a result, administration teams face increased risk of errors, manual work and bottlenecks.
Lumera offers a scalable, cloud-based SaaS accounting solution purpose-built for pension schemes. It supports the process end-to-end, connecting with administration platforms and banks to automate data flows and payments. Built-in controls such as role-based access, client-configurable authorisation, and full audit history help schemes strengthen compliance and maintain confidence in their records.
Used by pension schemes, third-party administrators and Master Trusts, representing over 2,650 schemes. Our technology has been supporting pensions accountancy for over 20 years.
Get in touch to find out how Lumera could support your scheme.
