The PRA issued two documents relevant to the Matching Adjustment on 15 October 2014. The first, CP23/14, covers Solvency II approvals and provides details of the Matching Adjustment pre-application process.
On 10 October 2014 the European Commission adopted a Delegated Act containing implementing rules for Solvency II. The European Parliament and Council now have until April 2015 to approve them.
The latest version of our Current Issues in Pensions Financial Reporting newsletter has just been released and it gives some interesting considerations for company directors for the end of Q3 2014.
445 days to go (as at 13/10/14)! Solvency II is looming and there is a lot going on. There has been activity from the PRA, EIOPA, and the Treasury. Meanwhile, firms have been looking a wide range of areas and what Matching Adjustment means for them.
Our latest Current Issues in Pensions Financial Reporting newsletter details the key financial assumptions required for determining pension liabilities under the FRS17 (UK non-listed), IAS19 (EU listed) and FAS158 (US listed).
The GP is a multi-employer pension arrangement offered by TPT, generally for the charitable and not-for-profit sectors. The GP has several sections or ‘Series’ that have been established over time, each offering a different type of pension benefit.
In 2013 the Trustees of a Charity asked us to use modelling to illustrate possible future investment returns and volatility resulting from the Charity’s current asset allocation, and then to suggest possible alternative asset allocations.
During early 2012, one of our schemes was constrained by the funding basis and the availability of contributions from the employer to the extent that it could not afford to reduce the level of risk and purchase additional protection.
We carried out an innovative buy-out for part of the Lloyd’s Superannuation Fund (LSF), a £500m multi-employer defined benefit scheme associated with the Lloyd’s of London insurance market.
For many years we have read about the ever increasing pain that defined benefit (DB) pension schemes have piled onto employers, be it additional funding requirements or unwelcome volatility on the balance sheet.
Our thirteenth annual survey of the assumptions adopted by FTSE100 companies for determining the value of their pension liabilities for accounting ...
Following on from our research of French companies with UK DB schemes, we have carried out two further research reports for German and Dutch companies with UK DB schemes.
Barnett Waddingham was named as a highly commended SSAS provider at the 2014 Investment Life & Pensions Moneyfacts Awards held at the Lancaster London Hotel on 25 September.
Barnett Waddingham has today announced a strategic partnership, which teams Solvency II Solutions’ ‘Tabular’ platform with Barnett Waddingham’s actuarial consulting services.
Barnett Waddingham Partner and Head of Executive Pensions, Bhargaw Buddhdev has written a pensions chapter in the recently released book, Directors' Remuneration Handbook (2nd edition), authored and edited by Cliff Weight.