Pensions Accounting – Page 4
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News
IASB to mull management commentary, ISSB remit overlap
Eumedion among respondents urging a rethink of management commentary approach
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FeaturesAccounting: IASB shortlist of projects hits a snag
The best laid plans of mice and men often go awry. Or so they say. March was supposed to be the month when the International Accounting Standards Board (IASB) whittled down its shortlist of potential standard-setting projects for a final vote in April. But nothing ever goes to plan.
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FeaturesAccounting: IASB grapples with IAS 19
The staff could hardly have been more blunt: “Overall, we received mixed feedback on our IAS 19 [International Accounting Standard 19] proposal,” they told the International Accounting Standards Board (IASB) in March. The proposal in question is a March 2021 exposure draft in which the IASB trialled a new approach to disclosure by focusing on objectives aimed at teasing out relevant information.
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NewsIASB rules out work on pensions accounting, related issues
The decision draws a line under hopes in some quarters that the board would attempt to fix deficiencies in hybrid pension plan accounting
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News
IOPS sets out good practice for making pension projections, warns of pitfalls
Forecasts can be ‘powerful tool’ to manage people’s expectations and sway their retirement decisions, says international body
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News
IASB calls a halt to IFRIC 14 DB refund project
A total of 11 IASB members out of 12 backed the decision to cease work on the project
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FeaturesAccounting: DB sponsors at a crossroads
If a decade ago the talk was of defined-benefit (DB) scheme sponsors locked in an infernal struggle against the dizzying gravity of spiralling accounting deficits, thoughts now are turning to the end game.
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NewsUK, EU DB accounting position broadly favourable, consultants say
Accounting experts at WTW reported discount rates across a range of plan maturities of between 1.8% and 2% per annum
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Country ReportFunding levels down, but outlook good
An update on the accounting deficits in Irish DB pension schemes
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Features
Accounting: IASB’s sustainability challenges
Thinking back to 2007, pensions was the spectre at just about every feast when it came to the work of the International Accounting Standards Board (IASB), not least because of the push to persuade the US to adopt International Financial Reporting Standards (IFRS).
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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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NewsESMA 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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NewsDanish 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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NewsSanofi 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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FeaturesAccounting: 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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NewsDanish 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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NewsIceland’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
