News and Videos on Account from Pensions & Investments
Uncovering accounting risks in asset owner portfolios
trueUnfortunately, the pressure to perform often leads companies astray. In less forgiving market environments, the signs might be subtle but the forces of short-termism, the temptation to manage earnings and outright accounting fraud can lead to equally pernicious outcomes.
Illinois Teachers looking for actuarial consultant
trueIllinois Teachers’ Retirement System is searching for an actuarial consultant.
Illinois State Universities wants actuarial audit
trueIllinois State Universities Retirement System is searching for a firm to provide actuarial audit services.
Society of Actuaries: Updated mortality data could reduce pension liabilities
trueNew mortality data released by the Society of Actuaries Thursday show smaller improvements in longevity than previously reported last year that could slightly reduce liabilities for pension plan sponsors.
Executive director at U.K.'s Pension Regulator joins PwC's pensions credit advisory team
trueStephen Soper was appointed senior pensions adviser in PricewaterhouseCoopers’ pensions credit advisory team, said a spokeswoman for the firm.
Towers Watson, Willis merger to combine strengths
trueTowers Watson & Co., with $2.2 trillion in assets under advisement, is expected to dominate the investment consulting arm of the business after it combines with Willis Group Holdings PLC, sources said.
FASB to address net pension costs on income statements
trueThe Financial Accounting Standards Board will develop guidance on how companies present the net periodic cost of pensions and other postretirement benefits on their income statements.
U.K.'s Financial Reporting Council investigating KPMG over BNY Mellon audits
trueKPMG is under investigation by the U.K.'s Financial Reporting Council, the country's independent corporate governance regulator, for its conduct in auditing Bank of New York Mellon, which settled earlier this year with the U.K. government's regulatory agency for custody rule violations.
FedEx adopts mark-to-market pension accounting
trueFedEx Corp., Memphis, Tenn., has adopted mark-to-market pension accounting, effective with the operating results for its fiscal year ended May 31, the company said in an 8-K filing with the Securities and Exchange Commission on Friday.
Global hunt for offshore tax cheats
trueToday, many financial institution executives and foreign governments might soon start feeling much the same way about the rising tide of FATCA — the U.S. Foreign Account Tax Compliance Act — which is finally reaching their shores after its initial enactment in 2010.
WSP Parsons Brinckerhoff selects Mercer to provide actuarial services for 7 plans
trueWSP Parsons Brinckerhoff, London, hired Mercer to provide actuarial services to its seven U.K. retirement plans.
ASPPA name change reflects broader scope
trueThe American Society of Pension Professionals & Actuaries has changed its name to the American Retirement Association.
European Central Bank taps Deloitte as pension fund actuary
trueEuropean Central Bank hired Deloitte Consulting in Germany as actuary for its ECB Pension Funds.
U.K. companies increasing pension fund amortization periods
trueCompanies are increasingly lengthening their pension fund amortization periods by three years or more in an effort to relieve pressure on repairing funding gaps, new research shows.
IASB chairman: Hybrid retirement plans need new accounting standards
trueThe increased number of retirement plans that take a hybrid approach has led to the launch of a research project by the International Accounting Standards Board into the development of new accounting standards.