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Valuation of defined benefit pension schemes revisited

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  • Publish date: 15 March 2011
  • Archived on: 15 November 2013

The following article highlights the need for the company valuation professional to look beyond the pension figures disclosed in the body of the accounts, since the cash commitment of the company to its pension scheme could be much higher than is implied by the accounting deficit disclosed.

My previous article 'The valuation of defined benefit pension schemes', which appeared in Issue 5 of Valuation Group News, explained some of the difficulties associated with valuing pension schemes under the accounting standards IAS 19 and FRS 17.