Pensions Accounting – Page 22
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Features
On the naughty step
Moves by members of the European Parliament to subject accountancy bodies to greater political scrutiny spell trouble for the IFRS Foundation, writes Stephen Bouvier
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News
KPMG warns of market shock for unhedged DB plan sponsors in UK
Gross assets, liabilities at historic high, leaving deficits highly geared, survey shows
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News
QinetiQ DB scheme sees funding boost after sponsor sells US arm
Sale contribution to shave off a quarter of scheme’s deficit, made in addition to existing recovery plan
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News
IFRSIC mulls sponsor refunds
International Interpretations Committee staff propose amendment to asset-ceiling guidance
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Features
A model but no debate
One of the most outspoken critics of pensions accounting and the IASB is Tim Bush. Since 2011, Bush, a former ICAEW Council member, and self-confessed MBA-group-think-phobe, has taken the lead on governance and financial analysis at PIRC. His assessment of accountancy’s shortcomings is disarmingly blunt – not only have accountants lost the big picture, they have the detail wrong.
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NewsUK pension changes to boost bulk annuity market, experts say
Insurers will have larger sums available for pensions de-risking if individual annuity demand falls, consultants say
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NewsIFRS Foundation funding now has strings attached – European Parliament
Foundation must address investor concerns about prudence, clean up act on corporate governance, MEPs warn
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News
ATP wins landmark VAT case against Danish tax authority [updated]
ECJ follows advice of Advocate General, says occupational DC management, investment costs should be exempt from VAT charges
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News
Nedlloyd pension fund to oursource administration to Aon Hewitt
Current system ‘possibly not up to scratch’, director concedes
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News
Church of England scheme signs £100m buy-in deal with Prudential
Church Workers Pension Fund agrees partial buy-in deal for just over £100m
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News
Aviva Staff Pension Scheme completes largest ever longevity deal
Longevity risk in pension fund transferred to three reinsurers
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News
OECD warns of overspending at Norwegian oil fund
Spending down income from national pension fund hampering much-needed reforms, OECD says
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Features
A look over the horizon
In the second of a two-part round-up, Stephen Bouvier invites leading pensions accounting practitioners to identify the issues to watch in the year ahead
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News
IPE Views: Is there a future for defined benefit schemes?
A prolonged low-interest-rate environment could further exacerbate funding pressures on public DB schemes, Catherine Lubochinsky warns
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News
FASB eyes possible changes to US pensions accounting
New requirements could affect traditional DB accounting or accounting regime for cash-balance schemes
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News
Rising interest rates not translating into lower UK liabilities – GSAM
Accounting valuation funding level for FTSE 350 pension funds rises to 103%
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News
IASB committee concedes defeat on contribution-based promises
Committee has effectively conceded 'issue is too big to solve', Towers Watson says
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Features
On the horizon
In the first of a two-part round-up, Stephen Bouvier asks leading pensions accounting experts to identify the IAS 19 issues to watch in the year ahead
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News
UK High Court dismisses pension fund's fight for revised PPF levy
Court overturns Ombudsman decision for lifeboat scheme to compensate scheme trustees
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News
UK roundup: Somerfield Pension Scheme, longevity market, Partnership Assurance
Somerfield appoints BNY Mellon to provide custodial services for £800m scheme
