Archive for January 2016

Neil Buchanan

Our latest report details market movements over the 3 month period to 31 December 2015, and how this impacts the key financial assumptions required for determining pension liabilities under FRS102 or IAS19.

Major asset classes have had a mixed performance during Q4 of 2015. While equities and corporate bonds have bounced back from previous lows in Q3, gilts have not enjoyed this resurgence. To help draw attention to the practical implications, the effect of these market conditions have been illustrated on a typical pension scheme.

In addition, many scheme sponsors could be concerned as pension costs charged through the P&L will continue to rise due to the changes in the pensions accounting standards. (Further details on these changes can be found here ).

Finally, we also review recent developments in the arena of pensions accounting, highlighting issues that may be of interest.

Click here to download your Pensions Accounting Update.

Angela Burns

Financial Reporting Standard 102 (FRS 102) has now replaced FRS 17 as the main financial reporting standard in the UK and Ireland.  It is important that you understand the changes, how they affect you and the options available to you to manage any impact accordingly.  Spence has put together a handy summary to help you do that – just click the option that applies to you and get in touch if you would like any further assistance.

I already disclose my defined benefit pension obligations under FRS 17

I have never disclosed my defined benefit pension obligations before

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