Experts predict a high price for IASB DB costs proposals

clock

Actuaries and accountants have predicted proposed International Accounting Standards Board amendments to how defined benefit costs are recorded in companies' accounts - unveiled last week - will have a serious impact on their earnings.

Under international accounting rule IAS19, companies can currently record a “profit” each year equal to the expected, rather than actual, return on pension scheme investments. With pension schem...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

UCEA and UUK urge higher education minister to address TPS funding shortfall

UCEA and UUK urge higher education minister to address TPS funding shortfall

Letter comes as higher education sector’s financial concerns intensify

Jonathan Stapleton
clock 18 March 2024 • 1 min read
Abrdn 'exploring options' over £700m DB scheme surplus

Abrdn 'exploring options' over £700m DB scheme surplus

Move comes after Court of Session confirmed asset manager’s right to any surplus

Jonathan Stapleton
clock 28 February 2024 • 1 min read
SPP: The devil is in the detail on new DB funding regime

SPP: The devil is in the detail on new DB funding regime

Revised regs are welcome but much now depends on TPR’s final code and strategy requirements

Steve Hitchiner
clock 27 February 2024 • 3 min read
Trustpilot