FTSE 100 company pension schemes have increased their longevity assumptions for their pensioners for the fifth consecutive year, according to new survey data from Mercer. The increase is estimated to add approximately 1% to scheme liabilities.
The report showed that FTSE 100 companies had...
The accounting standards currently used to calculate companies’ pensions assets and liabilities are undermining pensions provision in the UK, according to a new report Accounting for Pensions.
The report by Dr Iain Clacher, lecturer in accounting and finance, and Professor Peter Moizer,...
As many as 10% of the FTSE 100 may benefit from changes by the International Accounting Standards Board (IASB) to the IAS 19 standard according to research from PensionsFirst.
It has been widely reported that the key changes – which include removing the current expected return on scheme...
Changes in rules for accounting for company pension costs (IAS 19) published on 16 June 2011 may prompt companies to review their pension plan asset allocation and investors to review the effect of pensions risk on companies.
The latest rules on pensions accounting which come into force in 2013...
The international accounting standards board has published a “near final” draft of its revised pension accounting standard IAS19.
As expected, the revised standard is to remove two key features of existing pensions accounting standard, the “expected return on assets” and...
UK pension schemes have fared relatively well over the past year according to the KPMG Pensions Accounting Survey 2011.
Most UK companies saw pension balance sheets improve over 2010, with strong asset returns more than offsetting slightly tighter real discount rates. Industry...
The pension plans of the world’s largest multinationals have fallen further into deficit despite record company contributions, according to a new report from LCP, consulting actuaries.
The aggregate accounting deficit stood at €160bn (£135bn) at the end of September 2010, up...
Trustees need the flexibility to respond to the conditions they find themselves in advises Anthony Hilton, Evening Standard
Accounting is one of the most contentious parts of the pension’s landscape.
The current accounting rule FRS 17 dating from 2000 and its international accounting equivalent have highlighted the size of current deficits on the face of company accounts and have brought home to financial...
Lindsay Tomlinson, NAPF chairman, thinks the French have got the right idea when it comes to accounting standards
Over the last 30 years the doctrine of market economics has swept all before it. Before the Reagan-Thatcher revolution, governments used to try to manage their economies. After that, we learned to leave everything to the markets. All government needed to do was to step in occasionally to address...
Most companies would have to report higher pensions costs under proposed changes to accounting rule IAS 19 expected from the International Accounting Standards Board (IASB).
PricewaterhouseCoopers (PwC) estimates that combined pension costs for UK companies will rise by £10bn, with a...
