Guide to help charities prepare for accounting changes under FRS102

by Alistair Russell-Smith   •  
Blog

All organisations participating in multi-employer defined benefit pension schemes need to carefully consider how the introduction of the new Financial Reporting Standard 102 will impact upon their organisation and carefully assess what options are open to them.

The new accounting requirements will see many organisations who do not currently record their defined benefit pension liabilities having to do so for the first time.

This could have a very material impact on balance sheets. Organisations who already account for their scheme as a defined benefit scheme need to consider if the new legislation provides them with alternatives to their existing disclosures.

Alan Collins, Director and Head of the Employer Advisory practice at Spence, has compiled a Guide which analyses who the changes will affect, what the changes will mean and what steps to take in preparation for them.

The Accounting disclosures under multi-employer pension schemes Guide is available to download here.

Further reading

Is your DB scheme an asset rather than a liability?

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by Alistair Russell-Smith   •  

2024 Charity Defined Benefit Pensions Benchmarking Report

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by Alistair Russell-Smith   •  

Spring Budget 2024 – What does it mean for pensions?

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by Angela Burns   •  

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