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Blog: Archive

Accounting implications of GMP equalisation

With the results of the Lloyds Bank case expected next month, GMP equalisation may become a reality for many schemes in the very near future. It is important to anticipate the implications this may have for companies’ year-end accounting.

When TPR gets tough, employers need to get going

Following the publication of its annual funding statement for defined benefit pension schemes in April, the Pensions Regulator (TPR) has published further backing analysis which gives greater insight into the key themes from the statement.

FDs - time to look at reducing the risk in your pension scheme?

Now is a good time for companies with June year-ends to consider how their pension scheme liabilities will affect their balance sheet - despite recent falls in equity markets IAS19 funding levels are likely to have held up reasonably well.

Don’t look back in anger

Our latest survey on accounting for pension costs by FTSE100 companies shows schemes have made little progress towards reducing deficits over 2014. Employers should start planning now for whatever 2015 might hold.

Companies with early 2015 year ends could face 30% increase in liabilities

The continuing fall in corporate bond yields is likely to lead to a significant increase in pension schemes’ accounting liabilities.

New accounting standards bring new issues for universities

The new accounting standards issued by the Financial Reporting Council, mandatory for accounting periods commencing on or after 1 January 2015, will impact every university.

Barnett Waddingham, liabilities, Issues in Pensions Financial Reporting, Bond yields
Big jump in liabilities likely if no change seen in market statistics

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.

IFRIC 14, Barnett Waddingham, Actuarial Services for Employers, Buy-outs and Buy-ins, Corporate Activity and Transactions, Accounting
Softer approach to accounting for surplus under IFRIC 14

IFRIC 14 amendment will clarify the treatment of pension schemes where there is a surplus on the IAS 19 accounting basis but no future accrual of benefits.

FRC proposes amendments to FRS102 to address confusion

Exposure draft confirms schedule of contributions will not need to be recognised as additional liability under accounting standard FRS102

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