Pensions Accounting – Page 4
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News
IASB calls a halt to IFRIC 14 DB refund project
A total of 11 IASB members out of 12 backed the decision to cease work on the project
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FeaturesAccounting: DB sponsors at a crossroads
If a decade ago the talk was of defined-benefit (DB) scheme sponsors locked in an infernal struggle against the dizzying gravity of spiralling accounting deficits, thoughts now are turning to the end game.
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NewsUK, EU DB accounting position broadly favourable, consultants say
Accounting experts at WTW reported discount rates across a range of plan maturities of between 1.8% and 2% per annum
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Country ReportFunding levels down, but outlook good
An update on the accounting deficits in Irish DB pension schemes
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Features
Accounting: IASB’s sustainability challenges
Thinking back to 2007, pensions was the spectre at just about every feast when it came to the work of the International Accounting Standards Board (IASB), not least because of the push to persuade the US to adopt International Financial Reporting Standards (IFRS).
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News
Academics’ union issues new proposals in bid to resolve USS dispute
UUK says proposals appear to ignore previously expressed employer views
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NewsESMA urges IASB to change tack on pensions disclosure proposals
Watchdog wants more mandatory disclosure items
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News
Swedish PFs tell of COVID toll, rising interest rates, benefiting clients
Reduction in DB premiums due to rising interest rates in 2021 and good return on asset side, says Alecta’s head of product
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News
Solvency edges higher for most Finnish pension insurers on Q3 returns
At Veritas solvency capital dipped, however, despite an 8.3% nine-month return
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NewsDanish pensions lobby hails EU’s IFRS 17 opt-out after ‘fierce battle’
New EU amendment means pension providers can bypass ‘annual cohorts’ grouping requirement
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NewsSanofi UK pension scheme agrees £760m buy-in with L&G
First pension risk transfer with the insurer after being a long-term asset management client
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FeaturesAccounting: A costly mistake
Maybe you missed it. Or perhaps you were stuck in some interminable queue at an airport. But the United Kingdom’s audit watchdog revealed in August that a disciplinary tribunal had slapped audit giant KPMG with a £13m (€15m) fine, parked it on the naughty step with a severe reprimand, and ordered it to conduct a series of reviews into what went wrong.
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NewsDanish pensions lobby slams EC for selling Solvency II measures as relief
European Commission presents package of rules on solvency for insurance companies, claiming they free up €90bn of capital
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NewsIceland’s pension funds prepare for continued rise in life expectancy
After creating new model for life expectancy, Icelandic actuaries recommend pension funds change pension rights reference age accordingly
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News
Danish pension sector adopts common climate reporting rules
‘You get what you measure,’ says PensionDanmark CEO
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Special ReportRisk transfer: The accounting perspective
The effect on liabilities from an accounting point of view is an important factor when considering a buy-in or buyout
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NewsAccounting round-up: FRC ups enforcement, focuses on DB accounting
Plus: IASB disclosure requirements project; FRC’s feedback statement on non-financial reporting
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NewsFRC fines KPMG £13m, sanctions restructuring unit partner [updated]
KPMG and Costley-Wood’s actions allowed HIG Group to snap up Silentnight out of insolvency while £100m of pension liabilities were transferred to the PPF
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News
Danish funds told to split responsibility from managing climate risks
FSA says its core task is to ensure firms are robust and ensure best client return
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NewsDanish FSA drafts rules to outlaw pension firms’ loss-making insurance
Insurance and pension lobby says it’s in everyone’s interest for rules to ensure equal competition
