Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
(Telecommute)
ESOP Valuation Writer
Unique ESOP Valuation Provider
(Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



U.K. Accounting Changes Could Slash Pension Surplus on Balance Sheets
Pensions & Investments Link to more items from this source
Aug. 12, 2014
"Currently, U.K. companies declare a pension fund surplus on their balance sheets ... since there is a theoretical point where the company will be refunded that surplus, once the last member of a defined benefit plan is paid. However, under changes that have been proposed by the IFRIC14 -- a subcommittee of a branch of the [IASB] -- this surplus would no longer be recognized unless there is a realistic expectation that the company would have access to that surplus in the future. Companies would therefore have to take into account the expected behavior of plan trustees, such as derisking plans, which could reduce the calculated accounting surplus."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.