All Pensions Accounting articles – Page 2
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News
IFoA highlights benefits of capital backed funding arrangements
CBFAs can ‘offer distinct benefits when compared with DIY approaches, superfunds, DB master trusts and conventional insurance risk transfer policies’
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News
Danish FSA raps ATP and other pension funds over alternatives valuation
Pension firms must ensure necessary value adjustments take place sufficiently quickly and frequently, says FSA
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Features
Accounting: Corporate reporting at a crossroads
When the definitive history of modern corporate reporting is written, historians will no doubt step back in awe. They will marvel at the International Accounting Standards Board’s (IASB) decision to issue its management commentary proposals only to inherit the integrated reporting framework and then waste substantial energy grappling with the complexities of aligning or even merging the two.
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News
Norway’s parliament votes for DB buffer capital changes
Legislation on guaranteed pension provisions passes first hurdle in Storting, but buffer fund ceiling likely to be reconsidered in the case of pension funds
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News
FTSE 350 DB pensions schemes shift £5bn deficit to £38bn surplus
But ’there is every chance that 2022 will be a last hurrah for cash injections into DB schemes’, says WTW
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News
ISSB OKs amendments to align legacy SASB standards with IFRS S-2
The amendments are intended to enhance international applicability and remove inconsistencies and ill-adapted metrics
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Features
Accounting: Connectivity between ISSB and IASB on accounting standards
If you think we all agreed on what connectivity is, you are probably wrong. At least that is what the International Accounting Standards Board’s vice-chair Linda Mezon-Hutter seemed to imply at a recent meeting of the IFRS Foundation’s Accounting Standards Advisory Forum (ASAF).
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News
ISSB staff aiming for mid-year public consultation on changes to SASB standards
A committee of board members is reviewing a draft now to be voted on by the end of the month
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News
Danish lobby says tax agency owes pension firms nearly €500m
IPD complains to ombudsman after tax authority fails to act properly on ECJ ruling of 2014
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News
USS chief signals ‘cautious optimism’ as new report shows £5bn surplus
CEO says more ups and downs may come before end-March official valuation of UK academics’ DB scheme
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News
KLP blames ‘human error’ as it corrects huge pension underpayments
Norwegian municipal pensions giant owed 100 pensioners individual sums of up to €45,000 – including some deceased people
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News
Ilmarinen’s CIO suggests law changes to boost Finnish pension investment returns
Raising expected returns involves increasing risks, but long-term nature of pension liabilities make that possible, says Mikko Mursula
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News
Icelandic pension fund returns slump real 12% in 2022
Pension fund association says last year marked by higher domestic and international inflation and turbulent world markets
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News
Norway overrules FSA on fund fees, saving pension funds NOK8bn, says lobby
Finance Ministry disagrees with FSA that mutual fund managers are subcontractors
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Features
Accounting: Long-haul climate change reporting
Shortly after the International Sustainability Standards Board (ISSB) tentatively confirmed that companies using its climate-reporting standard must disclose their Scope 3 greenhouse gas (GHG) emissions, board chair Emmanuel Faber took to Twitter, making the bold claim that the board was “rewriting economics”.
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News
Alecta slashes one-off premiums by 7% as higher rates cheapen DB
Swedish pensions giant lowers premiums for PRI redemptions, saying pricing must be based on current market conditions
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Features
Accounting: IASB risks annoying stakeholders
If nothing else, the appointment of Linda Mezon-Hutter to the International Accounting Standards Board promises to bring a much-needed breath of fresh air and dose of reality to the standard-setter’s sleepy proceedings.
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News
LDI is ‘the ultimate folly’, says UK pensions expert Keating
September crisis was no black-swan event but certain to happen in time, Con Keating tells event
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News
IASB calls time on pensions, fair value disclosure project
Instead, board members are to develop proposals in March 2021 exposure draft for use by the board when drafting disclosure requirements in future
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Features
Single versus double materiality: ISSB faces inconvenient truths
Climate change denial has been a tough ask this summer. Forest fires raged across Europe, part of a London suburb caught light, and hurricane-force winds left a trail of destruction in southern Austria. The doom loop was complete when falling river levels left France’s nuclear power plants battling to produce enough energy to meet the demand for cooling.