As we approach the financial year end of many companies across the market, our Pensions Centre of Excellence team have produced the following guide to help companies and their advisors in considering the pensions accounting and disclosure impacts of topical issues when preparing upcoming financial statements in relation to defined benefit (DB) pension plans.
We are anticipating a significant level of activity as pension schemes and their sponsors continue to agree medium to long term pension strategies. We have further details from the Government’s Pensions Bill, which introduces flexibilities on surplus release from DB plans above their low dependency bases. In addition, we have a buoyant bulk annuity market and a growing number of superfunds and superfund transactions.
