Pension Fund Accounting



This course gives a background in Pension Fund Accounting and shows how the latest changes in accounting are impacting on the calculation of the pension fund reserves. The course covers basic actuarial reserving and includes an analytic approach to the requirements of the latest version of SORP. This is an increasingly complex area of accounting which continues to demand a thorough knowledge of accounts.




Accounting staff with a daily involvement with accounting issues which require a thorough accounting view of the transactions undertaken.  


The course concentrates on occupational pension funds and Small Self Administered Schemes. The course will examine direct and indirect investment including that for OEICs, Unit Trusts REITs and especially property including the new vehicle REITs.


Delegates should have attended the Accounting for Investment course or have more than a year's experience to follow this course.




-Introduction to Pension Fund Accounting

-Valuation concepts, the actuarial principle, reserving and asset allocation

-Fixed Income Investments, amortisation, matching accruals, held for sale and to be held to redemption

-Conversions and asset switching, Memorandum Accounting


-Equity holdings, private shares and unit trusts and OEICS


-Principle of income and capital including tax credits and income tax deduction


-Foreign income and holdings, double tax credits and systems of taxation reclaims

-The use of derivatives in Pension Funds, including Swaps, OTC contracts, embedded derivatives

-SORP accounting and the impact of the international provisions

-The impact of IAS and IFRS when applied voluntarily

-Hedging vs non-Hedging accounting

Todays Date:

Duration 2 days
LondonFurther dates available on request
Fee  1100 + VAT

Investment Education PLC
45 Old Hall Road, Manchester M7 4JF, United Kingdom
Tel:+44 (0)161 832 3800
Registered in England Number 2129160
VAT Registered Number GB 480 2112 85

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