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Barnett Waddingham
0333 11 11 222

Accounting for pension schemes

We provide the full range of services in all areas of accounting for employee benefits and other long term liabilities.  Our services are based on a culture of providing all of our clients with high quality, professional service through strong personal relationships and tailored solutions while remaining competitive on fees.

Our advice on defined benefit pension schemes includes:

  • advice on the choice of actuarial assumptions and the sensitivity of the results to changes in the key assumptions
  • accounting figures under IAS19, FRS100-105 and a range of overseas GAAP, including US GAAP
  • modelling the projected accounting position to allow the company to manage its scheme in the context of the rest of the business
  • consolidation of UK and international pension arrangements for the Group’s disclosure note
  • accounting figures for the disclosure of directors' benefits.

We also provide a range of services in relation to accounting for post-retirement medical plans and share based payments.  As well as carrying out the necessary calculations, we can advise on the choice of underlying assumptions and the sensitivity of the results to changes in assumptions.


To assist clients in setting their own assumptions we prepare an annual survey of the key actuarial assumptions used by FTSE100 companies with a reporting date of 31 March.

Current Issues in Pensions Financial Reporting

Our newsletter highlights the areas that should be considered when setting the actuarial assumptions.

We have developed an interactive modelling tool, Illuminate, to help Finance Directors understand and quantify the factors influencing the financial position of their pension scheme.  It also allows an instant assessment of the sensitivity of the accounts to the year-end assumptions so that the Finance Director can make a fully informed decision on the optimal approach.

We carry out annual surveys of the assumptions adopted by UK universities for determining the value of their pension liabilities for accounting purposes.  The surveys focus on universities which operate Self Administered Trusts (SATs) and look at the significance of these schemes in the context of the overall finances of the university as well as at the assumptions used in their accounting disclosures.

Related knowledge and resources


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    FTSE 100 dividends vs. deficit contributions

    With the DB regulatory regime once again under review, the disparity between payments to shareholders and those paid to close pension scheme deficits will once more be under the spotlight.

  • Picture for Big schemes – DB pensions heading for the endgame
    Big schemes – DB pensions heading for the endgame

    Barnett Waddingham’s annual analysis of DB schemes in the UK (with assets over £1bn) is now available. As the only research of its kind, it highlights the continued decline in DB schemes and the shifting focus of employers towards the DB pensions endgame.

  • Picture for A turning point for FTSE350 pensions?
    A turning point for FTSE350 pensions?

    After a number of difficult years, our 8th annual report on the pension provision of the FTSE350 shows that 2017 is hoping to be the turning point for the defined benefit (DB) pension schemes of the UK’s largest public companies.

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