Specialist actuary, Spence & Partners, who provide actuarial support to Independent Financial Advisers, have launched a longevity calculator. The calculator, which is free to download from the Spence & Partners website www.spenceandpartners.co.uk looks to assist financial advisers and their clients in evaluating life expectancy as part of the process of establishing cash flow requirements in retirement. Read more »
Archive for February 2008
Audit standard FRS17 may have become the accepted measure by which many pension liabilities are calculated, but firms must recognise its flaws before blindly believing the figures it throws up.
Actuarial and consultancy firm Spence & Partners says financial directors need to fully understand and question the results provided to them and make sure they are fully aware of the corporate impact. Read more »
There has undoubtedly been increased acceptance of the audit standard FRS17 over recent years although there is still a significant divergence in opinion about it ranging from it’s acceptance as being a necessary evil, it being viewed as a pain in the proverbials, or providing a useful measure of a potential liability. If nothing else at least it has given us a starting point when looking to measure pension liabilities between companies on a consistent basis – or has it!!! Read more »
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