Pension costs are a major item of expenditure and they can be difficult to manage. It is hard to know how they will change and develop over time, but being in control of pension costs has enormous advantages for your company.

We are experts in pensions accounting standards as we helped set the standards. This means we have an intimate knowledge of the requirements and how to meet them. Our consultants have a depth and breadth of knowledge that is hard to beat. Our diverse client base means we have a broad experience of the approaches used by many different companies and this experience helps us to know what's right for your circumstances.

We advise companies on the calculation of pension cost and balance sheet items, alongside related disclosures for companies’ statutory accounts under UK, European and other worldwide accounting standards. Using our own interactive modeller, we can illustrate the impact of a change to the relevant accounting standard, or of having to recalculate the figures on a different standard. We can also help you to predict how your pension cost might develop in the future. Our tools have been widely recognised as the best in their class and were used by the Accounting Standards Board to assist them in formulating FRS17.

Our services in this area include:

• The calculation and disclosure of pension cost and balance sheet items, in accordance with local and international accounting standards
• The choice of methods and assumptions used to derive pension cost and their implications
• The impact of special events such as purchases and sales, termination of a business or the closure of a pension plan
• The calculation and disclosure of directors’ pension costs
• Co-ordination of global pension, post-retirement and benefit costs

UK Accounting

Contact Martin Lowes via email, or by phone at +44 (0) 1372 733716.

International Accounting

Contact James Nicholson via email, or by phone at +44 (0) 117 941 6456.