Pensions Accounting – Page 5
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Special ReportRisk transfer: The accounting perspective
The effect on liabilities from an accounting point of view is an important factor when considering a buy-in or buyout
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NewsAccounting round-up: FRC ups enforcement, focuses on DB accounting
Plus: IASB disclosure requirements project; FRC’s feedback statement on non-financial reporting
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NewsFRC fines KPMG £13m, sanctions restructuring unit partner [updated]
KPMG and Costley-Wood’s actions allowed HIG Group to snap up Silentnight out of insolvency while £100m of pension liabilities were transferred to the PPF
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News
Danish funds told to split responsibility from managing climate risks
FSA says its core task is to ensure firms are robust and ensure best client return
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NewsDanish FSA drafts rules to outlaw pension firms’ loss-making insurance
Insurance and pension lobby says it’s in everyone’s interest for rules to ensure equal competition
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Features
Accounting: The Friedman conundrum
The world, or rather capitalism, has come a long way since Milton Friedman’s 1970 New York Times opinion piece The Social Responsibility of Business is to Increase Its Profits. Corporations, he argued, have no responsibility beyond the duty they hold to shareholders.
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News
Finland’s FSA extends close scrutiny of Elo after solvency scrape
Pekka Jaatinen to continue attending company’s board and management meetings on behalf of financial watchdog
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Features
Accounting: Getting there eventually
You could be forgiven for thinking that audit reform has a lot in common with online shopping: knowing what you want is the easy part – it is fulfilment that is the let-down.
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NewsUK DB schemes end turbulent year in strong position, LCP says
LCP’s report found that UK DB schemes ended the year with an aggregate balance sheet surplus of £10bn
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NewsAccounting standards come under fire from UK lawmakers
Since the UK’s departure from EU structures on 31 December 2020, new IFRSs have been adopted through means of a temporary endorsement mechanism
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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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NewsAccounting 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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FeaturesDB accounting: Lump-sum benefits
Service-defined lump-sum payments are causing accounting attribution problems
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NewsSolvency 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 ReportUK accounting: The Brexit slower ball
Full departure from EU rules means the UK must set up its own accounting standards
