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      Pension plans can materially influence the financial results of sponsoring companies and expose them to significant and complex risks.

      Our actuarial team understands these challenges and works alongside you to simplify, clarify, and manage both the risks and the associated pensions-related financial reporting requirements.

      By combining the technical expertise of a traditional actuarial practice with KPMG’s broader business insight, we deliver a comprehensive approach to pensions advice.

      With our proven track record and a team of internationally qualified pension specialists (holding Swiss, UK and US actuarial designations), we can help you confidently navigate your pension arrangements.

      Graham Middleton
      Graham Middleton

      Partner, Head of Pensions

      KPMG Switzerland

      Leeanne O’Callaghan
      Leeanne O’Callaghan

      Director, Pensions

      KPMG Switzerland

      Understanding and overcoming current challenges

      Accounting valuations

      Swiss pension plans require defined benefit accounting under IFRS and US GAAP. Robust and compliant valuations are therefore a key component of international financial reporting.

      We provide strategic advice on setting assumptions, offer accounting support and deliver robust valuations tailored to your reporting objectives and the specifics of your pension plan.

      Accounting consolidation

      Consolidating financial reporting for pension plans across multiple countries can be challenging and time-consuming.

      We provide centralized consolidation of IFRS and US GAAP accounting entries, helping you manage the process and to ensure consistency in assumptions and accounting policies across territories. This leads to more robust consolidated results.

      Market and regulatory updates

      Fluctuations in market conditions and changes in pension regulation and accounting standards require timely guidance and tailored advice.

      We offer a whole-of-market perspective to help you understand emerging trends and provide tailored advice to help you align pensions decisions with your reporting objectives.
       

      Corporate transactions and pension-related risk

      Defined benefit pension plans can introduce several financial risks in corporate transactions and are often a key area of focus.

      We concentrate on the key financial metrics and risks for pensions across different territories and explain the differences between accounting and economic measures to help ensure appropriate treatment in business valuations.
       

      Governance and control support

      A well-designed governance framework minimizes unexpected costs and ensures resilience amid legislative, market or strategy changes.

      We can support you by conducting governance reviews and providing specialized pension support for internal audit engagements. We can also assist you in designing and implementing robust internal controls relating to pensions.

      Benefit design and implementation

      Designing and implementing Swiss pension plan benefits can be complex.

      We can help you design and implement your pension plan, as well as select an appropriate financing vehicle that balances financial, operational and practical considerations.


       

      Why KPMG services?

      • Actuarial Expertise

        Our team consists of highly experienced pension actuaries with in-depth knowledge of pension plans in Switzerland and around the world, and extensive experience with international accounting valuations, accounting consolidations and corporate transactions.

      • Accounting expertise

        We have comprehensive knowledge of international accounting standards and financial reporting processes and can assist you in determining the appropriate pension accounting entries and treatments for your specific situation. 

      • Audit-ready approach to accounting and consolidation

        We support a smooth audit of your pension valuation and consolidated results by advising you on key areas of auditor focus.  Our team can also support you in discussions with your auditors, particularly on complex or challenging topics.

      • Responsive and efficient

        We are committed to meeting your deadlines with accuracy and reliability, providing tailored advice and timely guidance. 

      Navigating success: our proven approach

      • IFRS & US GAAP valuations

        Our valuation reports provide the required accounting entries, disclosures and supporting information on methodology, assumptions and results. We also advise on key areas of auditor focus and help companies interpret accounting standards.

      • Accounting advice & global actuary consolidation

        We manage a centralized consolidation process, coordinating and collating pensions accounting entries across different territories. Our proprietary web-based consolidation tool – Link Go: Pensions GAP – enables an efficient and secure consolidation process.

      • Pension due diligence

        We work with both buyers and sellers during due diligence exercises for corporate transactions, providing strategic pension support for business valuation and risk assessment purposes.

      • Benefit design and implementation

        We provide tailored advice on pension plan design and financing. We also help you select appropriate funding vehicles and implement benefit changes.

      • Governance reviews and internal audit

        We conduct governance reviews and provide subject-matter expert support for internal audit engagements. We also assist in designing, implementing and maintaining robust internal controls related to pensions.

      Additionally, we provide support on a range of bespoke pension matters.

      This includes guidance on current and emerging changes in pension regulations and accounting standards, tailored training workshops, annual accounting assumption surveys and benchmarking studies. 

      Partnering for success: submit your interests & open questions

      Let’s work together to navigate your pension challenges with clarity and confidence.

      Submit your interests or questions, and one of our pension specialists will get in touch to explore tailored solutions that meet your business needs, no matter where you are on your pension journey.

      Meet our experts

      Graham Middleton
      Graham Middleton

      Partner, Head of Pensions

      KPMG Switzerland

      Leeanne O’Callaghan
      Leeanne O’Callaghan

      Director, Pensions

      KPMG Switzerland