The logic of pension accounting

Image of Royal Holloway School of Management working papers cover
Document type
Working Paper
Author(s)
Napier, Christopher
Publisher
Royal Holloway, University of London
Date of publication
1 December 2008
Series
School of Management Working paper series
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

This item is only available to registered users

Register now or Log in

Your use of this content is subject to the terms and conditions of this portal

Accounting for pensions has been a problem for standard setters for over 30 years. Early attempts to develop accounting standards were based on a cost orientation and reflected funding considerations. More recently, a balance sheet focus has led to issues over identification and measurement of pension liabilities and assets. Accounting standards that permit enterprises to ignore, spread or segregate elements of pension cost, or to create artificial cost measures, are open to criticism and are gradually disappearing. The aim of a principle-based pension accounting will be to ‘tell it as it is’, fairly reflecting the rights and obligations of employers, employees and funding vehicles. Moreover, complex pension arrangements cannot be reported simplistically – if users wish to minimise surprises relating to pensions, then enterprises must disclose a rich set of information.

Is this the 'Version of Record (VoR)'?

Many different versions of a publication may be available on the web, only some of which might be considered part of the formal scholarly record. Please check whether this paper has been published in a journal by contacting the author, searching journal databases, or checking CrossMark It is the responsibility of publishers to register their publications with CrossMark.

Related to Trends: economic, social and technology trends affecting business

Follow the money: exploring the link between UK growth and workers' pay packets

Downloadable briefing note looking at the relationship between productivity and pay growth

From precarity to empowerment: women and the future of work

Downloadable paper on ensuring a fair future of work for women

Economic insecurity: the case for a 21st century safety net

Downloadable paper on how economic insecurity is experienced by workers

Mapping millennials' living standards

Downloadable briefing note on UK millennials, including pay and employment

More items related to this subject

Related to Royal Holloway, University of London

How do experts think child poverty should be measured in the UK? An analysis of the Coalition Government’s consultation on child poverty measurement 2012-13

This paper examines responses to a 2012-13 government consultation on child poverty measurement. It explores what these responses tell us about attitudes towards the child poverty indicators in the

Spatial microsimulation estimates of household income

The author  introduces spatial microsimulation (SMS), a range of techniques for estimating the local distributionof a variable – here, household income – by combining social survey micro-data

No place like an accessible home: quality of life and opportunity for disabled people with accessible housing needs

The objective of this report was to quantify the potential current demand for accessible housing, especially privately-developed accessible housing. In discussion with Papworth Trust and Habinteg, the

Public and private welfare activity in England

This paper documents the shifting boundaries of private and public welfare activity for the years 2007/08 and  2013/14. It records who finances, delivers and controls expenditure within various welfare

More items related to this publisher