IAS19

Photography and broadcast equipment supplier Vitec has closed its defined benefit scheme to existing members.

Premier Foods aims to close its defined benefit pension schemes to new members by April, next year in a bid to tackle a £431m combined deficit.

Chemicals company Croda International is changing the accrual rate of its pension scheme for new members, despite a slight improvement in its scheme deficit.

Failure to make resolution may lose schemes power to repay surplus funds

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.

The Nationwide Building Society has revealed a net £508m IAS19 pension deficit, a £177m increase over the year.

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...

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.

Using prudent assumptions to assess longevity swaps on an accounting basis could mean schemes are paying "over the odds" for certainty, Club Vita says.