.....

Businesses expect inflation 'to increase costs of pensions'

03/06/2010 Businesses expect inflation 'to increase costs of...Many companies expect high inflation rates to be maintained for a significant period, according to new research.

KPMG's Pensions Accounting Survey 2010 revealed that many firms are making this assumption when working out pension costs.

It discovered that inflation expectations caused firms to add about 100 billion of liabilities to balance sheets over occupational pensions.

On average, companies are assuming inflation to be at about 3.6 per cent per annum in the long term.

Those in tax jobs may wish to consider the advice of KPMG Pensions partner Mike Smedley, who suggested giving enhanced level benefits as opposed to index-linked pensions.

Average life expectancy was also found to be remaining level, while pensionable pay growth expectations have dropped to a degree.

KPMG took its data from more than 300 enterprises.

Recently, it announced that Andrew Cawley had been given the role of UK head of pensions.

He is due to start the position in July, replacing Alastair McLeish.

Search for tax jobs with Integral, the experts in tax recruitment.

ADNFCR-1739-ID-19815874-ADNFCR
del.icio.us Digg It! Reddit Furl StumbleUpon Add This
News Home   Email a friend   Print Article

Related News

NAPF calls for boardroom pension transparency

With the Trade Unions Congress releasing a new report on the retirement packages received by boar...
09/09/2010

Why finance workers are against regional stock exchanges

In answer to whether the UK needs regional stock exchanges with electronic trading so prevalent, the...
02/09/2010

Pension tax relief changes 'welcomed'

Changes to pension tax relief have been welcomed, but one group has warned that the amendments are a...
01/09/2010
View All

Related Jobs

  • Transfer Pricing Senior Manager, HONG KONG

    Location:  Hong Kong / China
    Salary:  GBP0 - GBP1 Highly Competitive Package

    KPMG's Global Transfer Pricing Services practice is a co-operating team of economists, tax p...

  • Internal Audit Manager, HONG KONG

    Location:  Hong Kong / China
    Salary:  GBP0 - GBP1 Highly Competitive Package
    KPMG's Risk and Compliance Services in China and Hong Kong has grown substantially since its establi...

  • Financial Services Risk Senior Manager, HONG KONG

    Location:  Hong Kong / China
    Salary:  GBP0 - GBP1 Highly Competitive Package
    KPMG's Financial Risk Management (FRM) banking advisory team advises clients on the development and ...

News Search

Open the calendar popup.
Open the calendar popup.

News Archive

September, 2010 (14)
August, 2010 (29)
July, 2010 (30)
June, 2010 (32)
May, 2010 (27)
April, 2010 (26)
March, 2010 (30)
February, 2010 (23)
January, 2010 (30)
2009 (206)
2008 (68)