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KPMG’s 2017 Pensions Accounting Survey

KPMG’s 2017 Pensions Accounting Survey

KPMG’s Pensions Accounting Survey 2017 looks at trends in best-estimate assumptions based on 247 of our clients with UK Defined Benefit pension schemes.

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Narayan Peralta

Director, KPMG Pensions

KPMG in the UK

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KPMG’s 2017 Pensions Accounting Survey - man

KPMG’s Pensions Accounting Survey 2017 looks at trends in best-estimate assumptions based on 247 of KPMG’s clients with UK Defined Benefit (DB) pension schemes reporting under IFRS, UK or US GAAP at 31 December 2016. The survey covers clients advised by leading consultancies and provides a detailed insight into market-wide practice helping discussions that go beyond accounting.

Key highlights

  • Median net discount rates are negative for the first time since our survey began in 2004
  • Discount rates fell more than 1% over the year.
  • Our analysis shows the market continues to be closely packed around the median for all key assumptions
  • Median life expectancy assumptions have reduced for the second consecutive year
  • Proposed changes to IFRIC 14 (International Financial Reporting Interpretations Committee) could introduce even more uncertainty around the recognition of pensions on corporate balance sheets.
  • Presentation changes for US GAAP reporters could have a transformative impact on the earnings companies report in the future.

 

Click here to access the survey.

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