Managing an unprecedented pensions accounting year-end
Managing an unprecedented pensions accounting year-end
16 Dec 2022
Corporate balance sheets are projected to show material improvements with an estimated aggregate accounting surplus across UK DB schemes of £58bn. This is a significant increase from a large aggregate deficit last year.
Whilst surpluses will be welcome by most employers, this positive accounting position can hide a number of aspects that will require additional consideration for this year's financial reporting.
Continue reading XPS Express for Employers on pensions accounting:
XPS Accounting Tracker:
Our interactive graphs allow you to compare your key accounting assumptions compared to your peers.