Supported by
National Housing Federation

  • KPMG Clearer Pensions
  • KPMG Clearer Pensions

SHPS: Transition to DB accounting

Clearer Pensions is designed to provide housing associations with access to tailored pension information and advice through an easily accessible online portal, delivered at scale to achieve exceptional value for money. As part of Clearer Pensions, we offer discrete 'Modules' of advice designed to fulfil specific needs, often focused around a current issue.

We have designed a Clearer Pensions module to help you, as a SHPS participant, understand the possible impact of a change of accounting approach on your 31 March 2018 results and for future accounting periods.

Some SHPS employers are concerned by the unusual profile of Income and Expenditure charges under FRS102 in respect of their SHPS participation. As a result this is being reviewed across the sector and move to Defined Benefit accounting is being proposed. We have designed a module to explore the impact of the change on you.

In this Clearer Pensions module:

  • We will explain how SHPS participants have historically accounted for their pension liabilities and what has led to the possibility of a different approach.
  • Starting from 31 March 2018, we will provide a projection of your accounting position under each of the methods to show the differences and impact you might expect from making the transition.
  • We will provide guidance on the factors to consider, the wider implications and what to watch out for along the way.

Purchasing this Module

If you are not already a Clearer Pensions member and you wish to find out more about this module or purchase it, please contact us by calling our helpline on 0113 231 3746 between 9 am and 5 pm, Monday to Friday. Alternatively, please email us at or use the form on the homepage.