Companies that grant pensions and/or social benefits to their employees (IAS 19)

Solutions

IAS 19

Actuarial services for companies that grant pensions and/or social benefits to their employees

  • High-quality audit support including support in assessing the company’s liabilities and costs
  • Conducting independent audit reviews

Audit

  • Actuarial support including valuations of sales targets and preparation of due diligence reports
  • Support to both buyers and sellers
  • Projection of the value of liabilities and costs based on different scenarios of the company’s activity and actuarial assumptions
  • Post M&A-related services

Mergers and acquisitions

  • Analysis of the data required to establish actuarial assumptions in existing data sources; support in statistics gathering and analysis
  • Assessment and selection of actuarial assumptions to measure obligations such as demographic assumptions (survival rates, turnover rates), financial assumptions (discount rate, indexation rate), etc.
  • Mortality investigation analysis of the company’s demographic experience and forecast based on internal and external statistics, gap valuation
  • Benchmarking of actuarial assumptions against the market
  • Gap analysis of the company’s liabilities related to the differences between applied actuarial assumptions and the company’s experience

Actuarial assumptions

  • Valuation of obligations for long-term benefit programmes, post-employment benefit programmes and corresponding costs in accordance with the requirements of IAS 19
  • Assessment of the impact of company restructuring and of the introduction of benefit changes on employee benefit obligations
  • Sensitivity analysis of each significant actuarial assumption, showing how the benefit obligations would have been affected by changes to the relevant actuarial assumptions
  • Disclosure development
  • Preparation of actuarial reports

Actuarial estimation of benefits

 
  • Development of remuneration and benefit strategy, including assessment of their competitiveness compared with the market

Benefit strategy

  • Analysis of risks faced by the company in relation to benefit and pension programmes
  • Assistance in selecting the most effective approaches to managing these risks

Risk management

  • Training for the company’s actuarial staff on the application of best practices in pricing; valuation of obligations
  • Seminars on new regulations and hot topics such as actuarial risk-management, modelling, IFRS, solvency and local standards of CIS countries
  • Secondment of members of our team to work with the company’s personnel on current projects

Training and seminars