KPMG

Increases in inflation assumptions have increased scheme liabilities by £100bn but are still failing to keep pace with market assumptions, experts say.

UK - Increases in inflation assumptions have increased scheme liabilities by £100bn (US$146.1bn) but are still failing to keep pace with market assumptions, experts said.

KPMG has announced the appointment of Andrew Cawley as UK head of pensions with effect from July 1.

The IASB have been accused of threatening UK business earnings with its proposals for changing how companies record investment performance. Helen morrissey asks why the accounting standards needed revising, and looks at how the changes would affect the...

GLOBAL - Private equity investors like pension funds can expect the cost of their investments to increase as they require their managers to provide supplementary and timelier information, said KPMG partner Anthony Cecil.

US - The New York State Common Retirement Fund (CRF) and the five New York City public pension funds have reached a preliminary class action settlement agreement for US$624m with Countrywide Financial Corporation.

The Association of Consulting Actuaries has confirmed Stuart Southall will replace Keith Barton as the trade body's chairman.

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.

Proposals to amend accountancy standard IAS19 could cut the earnings of UK firms by as much as £10bn, accountants and actuaries warn.

The IMI Pension Fund is to undertake a wide-ranging strategic investment review to reduce risk while preserving returns.