Pensions Accounting – Page 10
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Joseph Mariathasan: Reporting on natural capital
Can an integrated profit and loss account help quantify the environmental impact of a company’s operations?
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Accounting roundup: IASB vice-chair flags insurance asset concerns
Plus: FRC sets out 2019 priorities; Sharon Bowles grills government over accountancy conflicts
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Corporate reporting bodies aim for alignment on sustainability standards
New two-year project responds to market demand
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Chief executive of audit watchdog to step down amid independent probe
Stephen Haddrill has led the Financial Reporting Council since 2009
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UK roundup: GMP revision costs ‘could outweigh benefits’
Plus: Manchester university staff to vote on strike action over pension changes; smaller companies open to master trust switching
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Accounting roundup: Rulemakers risk running out of time, IASB chair warns
Also: UK questioned over EFRAG conflict; PIRC’s concerns over troubled bakery; FRC urges annual reports shake-up
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Dutch trade unions demand higher discount rate for liabilities
Demands on retirement age and mandatory pensions accrual for self-employed are also key to securing union support
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Long-term equity holdings ‘won’t solve’ USS funding gap, experts warn
‘Keeping more equity for longer won’t magically reduce costs and liabilities,’ consultants argue in open letter to UK’s biggest scheme
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Former ECON chair Sharon Bowles on the EU’s financial crisis response
Short selling rules were ‘probably the worst legislation’ during the crisis years, says former MEP
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‘Step-change’ in number of UK schemes in funding surplus
37% of schemes in funding surplus in 2018 survey, up from 27% three years earlier
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Accounting roundup: More work needed on ‘too big to fail’ banks
Plus: IASB eyes new pension standard, EU plots financial reporting ‘lab’
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UK announces further review of audit market competitiveness
Competition and Markets Authority to fast-track probe into continued dominance of ‘Big Four’ auditors
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Amended longevity tables may save providers up to 50bp in buffers
Slower increase in longevity after Heubeck fixes flaw
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Longevity data was flawed, admits German consultancy
Revision expected later this month expected to lower longevity increase and with it buffer requirements
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Dutch schemes’ recovery stalls as funding plateaus at 109%
Aon: Pressure increasing for system reform as pension cuts at large schemes are still a possibility
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Independent review considers calls for UK audit regulator to be shut down
Local authority pension schemes reiterate criticisms of Financial Reporting Council in submission to Kingman review
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DAX scheme funding levels hit by European stock performance
As liabilities increase with lower rates and longer life expectancy, returns at DAX companies fail to boost funding
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Date with destiny? Schemes mull ‘Brexit day’ valuations
Some UK funds are considering changing the date of formal valuations – but advisers are split on the benefits
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German longevity data adds €10bn to Direktzusage liabilities
First update since 2005 expected to increase liabilities by 1% for companies paying pensions direct from balance sheets
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Audit regulator criticises DB accounting standards [updated]
DB liabilities could rise after Financial Reporting Council’s review, consultant warns