Pensions Accounting
In-depth reporting on the subject of pensions accounting for our pension fund and asset management readers from IPE’s award-winning journalists.
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NewsNorwegian pension funds upbeat on start-ups investment plan
Industry association also warns of current and potential regulatory conditions standing in the way of pension fund investment in entrepreneurs
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NewsSampension sees 27% rise in contributions after corporate client wins
Danish labour-market pensions firm reports year-on-year doubling of one-off contributions, citing pension transfers from other schemes as a result of business wins as the main factor
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NewsGerman actuaries back reform to set stable discount rates on pension liabilities
German Institute of Pension Actuaries believes a discount rate should reflect long-term inflation expectations and real interest rates
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NewsPKA, Lærernes vow to stick with pensions admin JV despite PBU exit
After 19 years, Forca co-founder PBU quits the pension service provider as it seeks more independence and freedom to choose own product design
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Special ReportNetherlands: First funds prepare for DC switch
Despite pre-election threats, the transition is not expected to be rolled back by the new government
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NewsSwedish local authority pensions debt to ease next year after spike
With ballooning effect of high inflation on municipalities’ and regions’ pension debt set to shrink, authorities’ associated costs will be lower, says SKR
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News‘Immediate changes’ to reduce UK Stewardship Code reporting burden
Financial Reporting Council provides update following first stage of ‘fundamental review’ of Code
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NewsIASB faces tough choices on pollution pricing mechanism accounting
Chair Andreas Barckow says that although the issue ‘is not prevalent and material right now’, that position could change
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NewsPensionDanmark and Lærernes told to correct alternatives valuation processes
Danish pension funds handed orders from FSA to improve valuation methods for private equity, infrastructure and illiquid credit investments
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NewsIBM’s Danish pension fund rapped by FSA for using key assets as collateral
Closed company DB scheme found to have insufficient unencumbered assets to cover obligations, given that some were pledged as security for derivatives
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NewsKyrkans fined for lacking risk limits, after court battle
Financial watchdog hands formal reprimand to Swedish church pension fund after contentious process
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NewsLGPS investment management costs drop by £141m
The investment management cost decrease was attributed primarily to a £188.5m net decrease in performance fees
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NewsIceland pensions lobby calls uncertainty over actuarial opinions ‘intolerable’
At LL’s AGM, pension funds discuss issues facing the sector, including prospect that reform plans will get going this year, after delay
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NewsIASB to consult on accounting for climate-commitments
The board agreed to issue the proposed guidance, which is subject to drafting changes, on a 120-day comment period
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NewsGrant Thornton fined for below par audit of UK local authority pension fund
Failures included obtaining insufficient evidence that the value of investments was materially accurate
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NewsKeva fined for failing to make sure derivatives contracts were reported
CEO of Finland’s largest pension fund says Keva suffered no financial damage from the issues
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NewsUS GAAP stumbling block for Dutch DC switch
Several pension funds told regulator DNB the matter prevents them from making the transition to DC
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NewsUK pensions groups call for pension fund clearing exemption to be retained
The UK’s HM Treasury consultation on pension funds’ exemption from the clearing obligation closed on 5 January
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NewsIrish DB schemes’ average funding level above 100%
This marks the first time in 15 years of the LCP’s accounting survey that the average funding level has been above 100%
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NewsNo new accounting rules for net zero, IFRS committee decides
International standards, in particular IAS 37, deemed to provide ‘adequate basis’
