The International Accounting Standards Board ("the IASB") recently issued amendments to IAS19 Employee Benefits, which will effect the accounting treatment of certain "Special Events" (amendments, settlements and curtailments) in defined benefit pension plans.
Download articleUntil relatively recently, the media has regularly reported that people are living longer than previously anticipated, as mortality rates continued to fall; to put it another way, average life expectancy has been continuing to increase.
Download articleIt is important for pension scheme trustees to minitor whether the fees charged by their investment manager are reasonable.
Download articleThe 2018 Isle of Man Budget, which was punblished on 20 February, set out a significant number of changes to different aspects of pension provision.
Download articleBack in February 2016 the States agreed, in principle, to the introduction of a secondary pension scheme in Guernsey and Alderney. This is expected to be phased in over 7 years, beginning in 2020.
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