Accounting for pensions can be difficult to navigate for many companies, particularly avoiding last minute surprises which may impact on P&L and balance sheet results.
We provide specialised support to deliver advice and pension accounting figures to suit your needs (for mid-year and year-end reporting, as well as ongoing monitoring if required), with deep expertise in many complex pensions issues including:
- Choosing appropriate actuarial assumptions for IFRS (IAS 19), US GAAP (ASC 715) and UK GAAP (FRS 101/102)
- Buy-ins and buyouts
- Member option exercises such as Enhanced Transfer Value exercises or Bridging Pension Options
- Corporate M&A and restructuring
- Scheme mergers
- Application of IFRIC14 / restriction of surplus
- Pension augmentations
- Distribution of surplus
We have regular touch points with major audit firms to keep pace with the latest thinking in this space – we would be delighted to work with to and bring these insights to you, alongside our expertise and vast experience, to ensure your reporting needs are met as smoothly as possible.
Alongside support on your UK pension schemes, we can also provide services to prepare your consolidated accounting figures in respect of pension arrangements around the world.
