We are very proud of our SSAS and SIPP services but don't just take our word for it, read what people who use our services say.
The future of DGFs – have they done what they said and how will they perform in the future? Does the rationale for holding DGFs still hold true a decade on and in the face of a changing economic environment?
In this briefing note we take a look at the consultation, comment on the questions posed by DCLG and provide some suggestions for further regulatory changes.
On the face of it, the cost of providing public sector pensions seems to never stop increasing, with arguably the majority of the risk of any additional cost falling on the taxpayer rather than the Scheme member. Read more in our latest briefing.
Participating employers in the LGPS are required to account for the cost of providing retirement benefits and reserve for any oustanding pension liabilities. They are also required to make certain disclosures about these schemes in the notes to their accounts.
It isn’t news to firms that they have to understand and explain the differences between their own risk profile and the underlying assumptions of their Solvency Capital Requirement (SCR), to demonstrate appropriateness, but it is one aspect of Solvency II preparation that may have sat on the backburner until now.
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).