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Financial reporting for pensions
Rise to the challenge of pensions reporting
With rising pension deficits under increased scrutiny, it’s crucial that you can explain clearly how you’re identifying and managing pension risk. We’ve got lots of experience of working with a broad range of pension schemes and corporate sponsors, using our technology to help them deliver comprehensive financial reporting and communications.
Getting the numbers right
Our pensions technology will produce compliant pensions disclosures for your UK defined benefit pension schemes at the click of a button. But first, you might like to see how your accounting assumptions compare to those used in the market. Find out more about Skyval's assumptions benchmarking.
Consolidating your worldwide pension expense
If you have pension schemes in different countries and different regions, it can be complicated to bring all the figures together and the prevailing economic conditions may be very different. Skyval Consolidate can help you to:
- Consolidate your worldwide pension expense for financial reporting, quickly and efficiently;
- Assess the impact of economic changes to avoid surprises before the year-end;
- Access information at anytime from anywhere, ensuring consistency and flexibility.
Interpreting pensions accounting standards
Interpreting pension accounting standards isn’t always straightforward, given the complexities of pension schemes. For example, many schemes offer various member benefit options in order to help manage risk, but the accounting for these can be nuanced. There may be no single right answer.
We work with many companies facing the same questions you’re now asking, and we can help you reach the best solution.
Disclosing pension risk
Sponsors are under pressure to improve the transparency of their pension arrangements; amid economic uncertainty, continued low interest rates and scrutiny of defined benefit deficits, regulators, investors and the media are all demanding more information and clearer disclosures.
Do your financial statements fully disclose significant accounting judgments and adequately explain pension risk? High-quality pension disclosures that go beyond the minimum requirements of the accounting standards will enhance your organisation’s relationships with investors and other audiences.
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Contact us
Financial Reporting for Pensions Leader, PwC United Kingdom
Tel: +44 (0)7803 668075
Paul Allen
Financial Reporting for Pensions Actuary, PwC United Kingdom
Tel: +44 (0)7803 859050
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