AS 19 Employee Benefits—defined contribution plans with vesting conditions The Interpretations Committee received a request seeking clarification on the effect that vesting conditions have on the accounting for defined contribution plans. The Committee was asked whether contributions to such plans should be recognised as an expense in the […]

What are ”money purchase benefits”? The Supreme Court has today given its judgment in Houldsworth v Bridge Trustees on the interpretation of the phrase “money purchase benefits” under pensions legislation. The key questions decided by the Court (upholding the decision of the Court of Appeal) were: – benefits […]

Pensionsförmögenheterna inom OECD uppgår till mer än 19 000 miljarder USD. Tillgångarna I pensionsfonder inom OECD-området översteg 19 000 miljarder USD vid slutet av 2010 rapporterar OECD. Rapporten Pension Markets in Focus visar att placeringstillgångarna nu återhämtat sig och är i paritet med eller överstiger nivåerna som gällde […]

Those of us struggling with our commutes to work in France don’t need to be reminded that pensions are on the top of the agenda again in many OECD countries.  Workers are understandably perturbed when they feel as if their hard earned right to a well deserved retirement […]

Rapporten hävdar att den stora skillnaden i utfallet mellan beräkningarna har sin förklaring i beräkningsunderlaget – pensionerna har således inte blivit dyrare pga stigande förmåner. Av skillnaden på 3600 miljarder utgör 2800 miljarder effekter av den reviderade beräkningsmetodiken. Skillnaden återspeglar den lägre antagna ränta som används för att […]

The global financial crisis had a moderate effect on the insurance sector. The sector is robust to funding market disturbances, and exposure to high-risk securities (“toxic asset”) appears to be widespread but quite limited. Available indicators point to adequate levels of solvency and relatively low, but stable profitability, […]

In 2050, nearly one in three European citizens will be 65 or older. Demographic change and population ageing is one of the greatest challenges that will affect the structure of the EU economy over the next couple of decades, through its impacts on labour markets, pensions systems and […]