SCHEDULE CONTENTS OF ACCOUNTS AUDITED BY THE AUDITOR OF THE SCHEME
2 (1) A statement, as at the end of the accounting period, of the assets at market value, or the trustees' or managers' estimate thereof where the market value is not readily ascertainable, and liabilities of the scheme, other than liabilities to pay pensions and benefits after the end of the accounting period –
(a) giving, in the case of any assets which are stated at an estimate of their market value, the reason why the valuation is an estimate;
(b) showing the distribution of the investments and other assets of the scheme between each of the following categories (where none of the investments falls within a particular category, that fact is not required to be stated), namely –
(i) insurance policies;
(ii) public sector fixed interest investments and separately quoted securities and unquoted securities;
(iii) other fixed interest investments and separately showing quoted securities and unquoted securities;
(iv) index-linked securities and separately showing quoted securities and unquoted securities;
(v) equities (including convertible shares) and separately showing quoted equities and unquoted equities;
(vi) property (which in this paragraph means any right or interest in freehold or leasehold land or buildings);
(vii) unit trusts invested in property;
(viii) other unit trusts;
(ix) managed funds (other than unit trusts) invested in property;
(x) other managed funds (not being unit trusts);
(xi) loans (whether or not secured by mortgages);
(xii) cash deposits and cash in hand;
(xiii) investments and other assets not included in paragraphs (i) to (xii), and
(c) showing separately, in the case of investments in each category, investments in the United Kingdom and investments outside the United Kingdom, and in the case of cash investments mentioned in head (b)(vii) to (x) investments where the company operating the unit trust or managed fund is, and where it is not, a company registered in the United Kingdom.
(2) Where the assets include insurance policies which are specifically allocated to the provision of benefits for, and which provide all the benefits payable under the scheme to, particular members or other persons in respect of particular members or both, those policies must be included in the statement and there must be a note of the existence of such policies but that entry need not include their market value or an estimate.
(3) Where the assets –
(a) are invested only for the purposes of securing additional money purchase benefits derived from voluntary contributions to which section 107 of the Pension Schemes Act (voluntary contributions) applies, and
(b) are specifically allocated to the provision of additional benefits for particular members or other persons in respect of particular members (or both),
a note that heads (a) and (b) apply must be included in the statement, but that entry need not include the market value or an estimate of value of those assets.