All Pensions Accounting articles – Page 4
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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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News
ESMA 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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News
Danish 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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News
Sanofi 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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Features
Accounting: 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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News
Danish 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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News
Iceland’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 Report
Risk 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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News
Accounting 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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News
FRC 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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News
Danish 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
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Features
Accounting: The Friedman conundrum
The world, or rather capitalism, has come a long way since Milton Friedman’s 1970 New York Times opinion piece The Social Responsibility of Business is to Increase Its Profits. Corporations, he argued, have no responsibility beyond the duty they hold to shareholders.
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News
Finland’s FSA extends close scrutiny of Elo after solvency scrape
Pekka Jaatinen to continue attending company’s board and management meetings on behalf of financial watchdog
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Features
Accounting: Getting there eventually
You could be forgiven for thinking that audit reform has a lot in common with online shopping: knowing what you want is the easy part – it is fulfilment that is the let-down.
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News
UK DB schemes end turbulent year in strong position, LCP says
LCP’s report found that UK DB schemes ended the year with an aggregate balance sheet surplus of £10bn
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News
Accounting standards come under fire from UK lawmakers
Since the UK’s departure from EU structures on 31 December 2020, new IFRSs have been adopted through means of a temporary endorsement mechanism