Pension Fund Accounting

This is the course content used for the Public course, you can use this content and have a course tailored to meet your needs and presented at your offices - Price on application.

Pension Fund Accounting Training Course

The course covers basic actuarial reserving and includes an analytic approach to the requirement contain in the latest version of the SORP. This is an increasingly complex area of accounting which continues to demand a thorough knowledge of accounts.

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.

Content

• Introduction to Pension Fund Accounting
  
• Valuation concepts, the actuarial principle, reserving and asset allocation

• Fixed interest, 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