for Pensions 2022


Don’t look back 

LCP’s latest annual Accounting for Pensions report and analysis highlights that the aggregate IAS19 position of FTSE100 pension schemes has grown to record surplus levels and is currently over £100bn surplus.  This is despite rising inflation and volatile markets, and means that, for the first time in 20 years, many more companies will now have to focus attention on how to manage this pensions surplus. 

Now in its 29th year, the report will help those involved in preparing or interpreting accounts to understand and benchmark pensions arrangements. In addition, this report focuses on lessons learnt over 2021 and early 2022 and how these could influence future corporate actions and decisions in both the short- and long-term. 

Access the report

What's inside? 

  • 2021 IAS19 benchmarking 
  • Inflation and mortality – work to do 
  • IAS19 surplus – so now what? 
  • Executive pensions 

“At first glance, the takeaway from this year’s report is that this is job done and FTSE100 pension schemes are now an asset for UK Plc. Whilst it’s clearly good news that more schemes are now in surplus, with rising inflation, a potential recession and a new funding code on the horizon, scheme sponsors need to make sure that they understand how much of a surplus they really have, how to manage it, and think about how they best buffer their schemes against the headwinds to come.”

explains Jonathan Griffith, Partner in LCP’s Corporate Consulting practice, and author of the report.

How we can help

Contingent funding approaches are rapidly becoming more widespread. They can be a great way to protect member benefits as well as the shareholders and other creditors of the sponsoring employer.

We help sponsors of pension schemes understand and manage the costs and risks associated with supporting their current and legacy pension schemes as well as other employee benefits.

Whether to enter a DB Consolidator is a complex decision. Sponsors and Trustees must be sure it is the right decision for their scheme and its members. We can help.

We work with you and your finance team to ensure that your ongoing statutory duties and compliance exercises are done quickly, efficiently and accurately.

We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.

Leading the way 2022: Corporate journey planning

Leading the way 2022: Corporate journey planning

Thought leadership report

With strong funding levels for FTSE100 sponsors, but uncertain headwinds, how can Sponsors drive collaborative journey planning with trustees?

Explore our findings