The Board is aware that some pension fund audits are likely to be delayed again this year, largely due to issues with auditing the host authority’s accounts. There is a statutory duty under regulation 57 of the LGPS Regulations 2013 for administering authorities to publish an annual report ‘on or before 1 December’. The Board has written to the minister with proposals to help improve the timely completion of audit. In the meantime, the SAB urges administering authorities to publish their 2021/22 annual reports based on the best data available to them by the statutory deadline. Ideally, the report would be based on audited data. But if that is likely to result in a significant delay, the SAB asks funds to produce and publish reports based on unaudited data (labelled as draft), and to re-publish an amended annual report with the external auditor’s opinion and revised data after audit, where necessary.