Pensions Reporting

Information that allows investors to understand the risks and inherent uncertainties around company defined benefit pension schemes. The issues around defined benefit schemes are well publicised; they represent a significant liability for many companies. In addition, as a result of recent legislative changes which have improved the standing of the pension scheme creditor, for the first time their impact is being felt on wider corporate strategy. This new award recognises the key issue that defined benefit pension schemes has become for many companies and the increased appetite amongst investors for more open and transparent disclosures around such arrangements. We will be looking for disclosure of the key actuarial assumptions including the longevity assumption in non-technical plain English, sensitivities of the results to change, future cash contribution requirements, and alternate methods of the valuing the pension liability.