Accounting
Under current accounting standards, pension scheme performance has a direct effect on company profitability, as any surplus or deficit has to appear on a company’s balance sheet.
Our team of actuaries has extensive experience in providing pension accounting calculations and advice for UK company accounts (FRS101 and FRS102), EU (IAS19), US (FAS87 / ASC 715) and Canadian (CICA) parent companies. This includes the determination of the liabilities and assets, the annual cost of providing pensions and the production of draft pension disclosure notes as required.
How we can help
We are able to provide bespoke advice on the calculation results and the possible options available based on changes in the key actuarial assumptions used. We work with all the major UK audit firms and keep on top of best practise when setting assumptions.
We also have a team experienced in producing stress test figures where required for accounts of financial institutions.
Our ISO 9001 certification covers our pension administration, reporting and accounting, and banking services. ISO 27001 is an independent assessment of the systems and processes that we have in place to assess and prevent information security risks.
Client Testimonials
We have just gone through the turbulent process of our triennial valuation, which Quantum processed efficiently and in a way which enabled us to clearly understand the methodology used and what impact the valuation would have on our business. I would not hesitate to recommend Quantum to any business.
The Quantum team has taken the time to get to know our business and understand our aims. From actuarial advice and investment advice, right through to administration, we have been extremely impressed with the professionalism, efficiency and thoroughness of all the teams involved. We would have no hesitation in recommending them to future clients.