KPMG’s 2015 Pensions Accounting Survey

KPMG’s 2015 Pensions Accounting Survey

We are pleased to publish KPMG’s 2015 Pensions Accounting Survey. The survey looks at trends in best estimate assumptions for 270 companies reporting under IFRS or equivalent as at 31 December 2014. It provides a comprehensive view of market practice and discusses current financial reporting issues.




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Key highlights:

  • Our analysis shows that discount rates fell by 0.9% over the year, and there is now significant grouping of companies around the median 
  • Companies reporting under UK GAAP need to act now to ensure new 2015 requirements do not adversely impact distributable reserves and therefore dividends 
  • The 2014 Budget increased the flexibility around how members could take their pension benefits. This could lead to a range of member option exercises being implemented within pension schemes to reduce scheme risk – sponsors need to carefully consider the accounting and disclosure implications associated 
  • Technology is playing an increasing part in the relationship between sponsor and pension adviser. It can help to drive efficiencies in reporting and monitoring of balance sheet positions on a regular basis.

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