All Pensions Accounting articles – Page 5
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Features
Reporting: Yours sustainably…
You know how one thing can lead to another? Well, that is what happened with the International Financial Reporting Standards Foundation’s steps into sustainability reporting.
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News
DB attribution project prompts warning from IFRS IC chair
The IFRS IC voted to confirm its tentative agenda decision concerning the attribution of periods of service under IAS 19
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News
Trustee association shows concern about time and resources spent
Requwsts for information are often excessive and seem to disregard the regulatory framework within which pension schemes operate
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News
Danish pension sector targets clarity over unlisted valuations
IPD members agree recommendations for guidelines after criticism from FSA about differences in the way firms valued their alternatives
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News
Accounting roundup: Full-scale IAS 19 review option; new IOSCO group
Comprehensive review of IAS 19 included as option in IFRS Foundation consultation
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Features
DB accounting: Lump-sum benefits
Service-defined lump-sum payments are causing accounting attribution problems
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News
Solvency II review may weigh heavier on Sweden than elsewhere: lobby
In Norway, Gabler says new capital requirement for interest-rate risk to have big effect on private pension funds
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News
Swedes get higher state pensions after COVID cuts life expectancy
Early statistical indications show life expectancy fell by around 1% in 2020, says pensions agency
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News
Covenant centrestage as USS outlines higher contribution rates
Contributions could go from upcoming 34.7% to 49.6% unless employers make further commitments, says USS
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Special Report
UK accounting: The Brexit slower ball
Full departure from EU rules means the UK must set up its own accounting standards
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News
IASB to seek views on future workplan; FRC sets out budget, priorities
The FRC said its projected spend for the coming year amounts to £52.2m (€60.7m). DB schemes are expected to contribute £1.2m under the pension scheme levy
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Features
Accounting Matters: Auditing the auditors
There is widespread consensus that the audit sector is not fulfilling its potential, and that previous attempts at reform have been ineffective. As the impact of high quality audit goes far beyond the boardroom, when pension funds rely on audited financial statements for their capital allocation decisions, it is ultimately their individual members’ capital that is at risk.
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News
ATP picks SimCorp’s SFTR reporting platform as EU regs kick in
Danish pension fund praises product’s ability to create complete picture for regulator
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News
UK roundup: FTSE 350 pension deficit finishes 2020 at £70bn
Mercer chief actuary emphasises de-risking importance
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Special Report
Accounting Matters - IAS 19: the negative view
Negative interest rates are probably the most daring policy move most of us will ever see. The idea that a borrower is paid to take out a loan, but a saver is penalised for setting aside money for their retirement turns our understanding of the fundamentals of finance on its head. But Europe has had them for more than a decade. And if the experience of today’s financial crisis is anything to go by, it will do so for a while longer yet. So where does this leave defined benefit (DB) sponsors and their accountants?
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News
IFRS committee to forego project on DB periods of service attribution
Interpretations Committee rules requirements of IAS 19, Employee Benefits are clear
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News
Danish FSA dismayed by differences in how pension funds value alts
Watchdog says some unlisted asset types being revalued daily, but others quarterly
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Features
Accounting Matters: Accounting for the Wedge
The reason why defined benefit (DB) scheme sponsors account for inflation is because International Accounting Standard 19, Employee Benefits, tells them that if they make a benefit promise that is linked to price increases, the effect of that commitment has to be accounted for. The starting point for what by any standards is a gargantuan actuarial task is to look at yields on inflation-linked bonds.
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News
Danish pension funds cooperate to clarify alternatives valuation habits
Project to shed light on when and how pension funds re-value their unlisted assets
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News
IASB urged to add projects on pensions accounting, sustainability reporting
The board is also conducting research into pension benefits that depend on asset return