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.
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.
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:
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.
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.
Financial Reporting for Pensions Actuary, PwC United Kingdom
Tel: +44 (0)7803 859050