UK accounting for non-pension post-retirement benefits - new rules mean lower profits

Article Abstract:

The impact of the new UK rules on accounting for non-pension post-retirement benefits as contained in the Statement of Standard Accounting Practice No. 24 is discussed. These non-pension post-retirement benefits include medical and dental expenses, life assurance, social security contributions and subsidized goods and services. The accounting principles and options available to firms are described and several methods for alleviating the financial effects of the new rules are outlined.

United Kingdom, Laws, regulations and rules, Accounting and auditing, Accounting, Social policy, Retirement benefits

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Managing J.P. Morgan's global pension assets

Article Abstract:

The consolidated valuation of defined benefit pension plans for multinational J.P. Morgan and Company Inc made use of a US method of actuarial costing in non-US plans adjusted to the appropriate context. Analysis showed that investment practices understandably differed from place to place and that the approach was progressive. This global perspective considered the long-term effects of pension management and has relevance for investment managers.

Security brokers and dealers, Bank holding companies, State commercial banks, Methods, Management, Mutual funds, Investment advisers, Valuation, Defined benefit plans, J.P. Morgan and Company Inc.

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Pension programs in Central America

Article Abstract:

Issues concerning the pension programs in El Salvador, Guatemala, Costa Rica, Nicaragua, and Honduras are presented. Reference is made to the economic and political backgrounds for each country's system, with an overview of national differences and reforms.

Finance, Central America, Pensions, Costa Rica, Guatemala, Honduras, Nicaragua, El Salvador

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