Accounting

 The aggregate deficit of the 5,945 schemes in the PPF 7800 Index has increased over the month to £459.4bn at the end of August 2016, from a deficit of £376.8bnn at the end of July 2016. The funding...
The combined pension deficit of the 56 companies in the FTSE 100 that disclosed a deficit at their 2015 year-end was £42.3bn. Those same companies paid dividends totalling £53.0bn, some 25% higher....
The aggregate deficit of the 5,945 schemes in the Pension Protection Fund (PPF) 7800 Index has increased over the month to £304.9bn at the end of January 2016, from a deficit of £222.4bn at the end...
UK private sector pension schemes showed a £228bn deficit as at 31 December 2015 according to data from JLT Employee Benefits.  This is a slight improvement the position on 31 December 2014 where...
The Pension Protection Fund (PPF) today (21 September 2015) announced that the 2016/17 levy estimate will be set at £615m and published the 2016/17 PPF levy consultation document. David Taylor,...
More than 20% of pensions professionals responding to a recent survey fear that the new Statement of Recommended Practice (SORP) for pension scheme accounting could raise the cost of preparing...
The accounting deficit of defined benefit (DB) pension schemes for the UK’s largest 350 companies increased over December and now exceeds £100bn according to Mercer’s Pensions Risk Survey data. The...
Pension schemes in the UK could be about to benefit from a £2bn VAT ‘windfall’ as HMRC implements two European Court decisions relating to the management, administration and investment activities of...
The pension liabilities of UK plc have doubled in 6 years, with deficits rising by around £120bn, despite employers contributing £75bn to schemes over this time period according to Hymans Robertson....
UK companies with material defined benefit (DB) pension plans should review their plan rules and the accounting standard under which they report for UK tax purposes in 2015, says Mercer. The advice...