Johnston Carmichael recruited to pensions body’s new panel

Accountant and business adviser Johnston Carmichael has been reappointed to the audit panel of a body that protects the pensions of millions of employees across the UK.

The firm, which has 11 offices across Scotland, is among four on the new panel of the Pension Protection Fund (PPF). The business has been a PPF Audit Panel auditor since 2013,

The PPF protects people who belong to defined-benefit pension schemes. It operates an audit panel made up of firms with specialist audit and pension scheme knowledge and experience. When an employer enters insolvency, its pension scheme enters an assessment period while it is determined if the scheme is self- sufficient or if it will need the continued support of the PPF.

As part of its role on the Audit Panel, Johnston Carmichael has worked with a series of high-profile PPF pension scheme audits, including Hoover and Toys R Us.

It also has a team of sector specialist pension scheme auditors to focus on core PPF work, in a wider 125-strong audit and assurance team. It isledbydavidmcbain,headof audit, and Chris Wilkie, audit director.

Wilkie said the firm’s reselection “is testament to the specialist pension audit team we have built, invested in and developed over the years”. Johnston Carmichael also noted that it has been able to grow its market share in acting for pension schemes across Scotland and the UK. 0 Audit director Chris Wilkie hails the firm’s appointment