Martin has experience of a wide range of issues affecting pension schemes and this enables him to provide advice which helps the clients develop a consistent strategy to managing DB liabilities and risks. He also has particular expertise in pension accounting disclosures and has significant experience of advising clients on preparation of disclosures under IFRS, UK and US GAAP and leads the development of the firm's services in this area.
He has experience of advising a wide range of UK, multi-national and not-for-profit organisations and provides advice which is pragmatic and tailored to the client's circumstances.
Martin was involved in one of the first 'PPF plus' buy-ins and also managed a buy-in project which was completed in two weeks following instruction from the client (believed to be one of the fastest turnarounds to date).
This briefing is for those who will be involved in preparing and auditing pensions disclosures under Accounting Standards FRS102 (UK non-listed), IAS19 (EU listed) and ASC715 (US listed) as at 31 March 2019.
Looking ahead to the 31 March 2019 year-end, most companies reporting are currently looking at a broadly unchanged IAS19 funding position. The average funding level in our most recent survey was 96%, and this is likely to stay around this level.
The key financial assumptions required for determining pension liabilities under the Accounting Standards FRS102 (UK non-listed), IAS19 (EU listed) and ASC715 (US listed) are the discount rate and the rate of future inflation.