Omni – Detailed Scheme Report

A comprehensive report on the data for a scheme can be sent to Word, from the menu item ‘Reports, Full Scheme Valuation’.

The date range for the start and the end of the period can be specified.

The heading for the report includes the Scheme Name. If you want to include a different name, a ‘Report Name’ can be entered on the Notes tab of the main ‘Scheme, Amend Scheme’ screen and anything entered there will be included in the heading, replacing the scheme name.

The following options can be included:

1. General Information – a summary of the main scheme information, bank account, contact address, trustees, and participating companies. The lists of deeds and members are optional. The intention is that the reporrt should comply with the requirements of the disclosure regulations for SSASs.

2. Portfolio – an investment valuation showing cost and market value at the end of the period.

3. Investment Movements – a schedule of all investments held during the period, showing the value at the beginning of the period, the value at the end of the period and the change over the period. This then gives the total unrealised gains over the period for inclusion in the scheme accounts.

4. Revenue Account – simply compiles the data entered to Omni and so the data needs to be checked first, including the information produced in the Accounting Data report. More extensive accounts can be prepared from Draft Accounts menu option.

5. Transactions – a schedule of all bank transactions over the period – an aggregated bank statement for the year

6. Asset/Liability – a list of all assets held by the scheme plus any borrowing

7. Property – full details of all tenants and leases across all properties

8. Membership – full details on all members including all contributions, benefit payments. If the ‘Prior Year Transactions’ option is included, all contributions and pension payments (etc) will be included, otherwise only transactions for the year of the report will be included. If the ‘Fund Share Analysis’ option is ticked, the member’s crystallised and uncrystallised share of the fund is included.

9. Salary – a full schedule of past earnings for every member (less important after April 2006, it may be useful where a lump sum benefit exceeded 25% of the fund value in April 2006).

10. Fund Share Certificates – a statement for each member setting out their share of the overall fund value. The fund split needs to be calculated and stored at the date entered for the end of the report period.

11. LTA Statements – a statement for each member with a BCE (vesting event) showing the percentage of the lifetime allowance used in the period of the report and the cumulative percentage used in the scheme to date.