We believe that employees are the backbone of any company. Only when a worker is confident, he will receive fair compensation for his efforts will he perform at his best. In light of this, our team of technical professionals offers actuarial valuation services in the United Kingdom (UK) that are required to evaluate the long-term viability of a defined benefit plan and can be used as a decision-making tool for plan sponsors. In the UK we offer actuarial valuation services, such as valuing pension plan benefit plans in line with International Accounting Standard 19 (“IAS 19”) and other related tasks.
Actuarial Valuation Process
The process of actuarial valuation entails evaluating and computing the risks and financial responsibilities related to insurance policies, pension plans, and other financial instruments.
Actuarial Valuation Definition
In accordance with the Actuarial Valuation definition, a business must utilize the projected unit credit technique to calculate the present value of its defined benefit obligations, as well as the associated current service cost and, if relevant, previous service cost. The current value of employee benefits related to prior service is calculated using accrued benefit methods, sometimes referred to as benefit, unit credit, or single premium methods.
Actuarial Valuation consultants
Our actuarial valuation experts offer extended disclosures in the form of an actuarial valuation report and only an estimate of the obligation to be reflected in the financial statements fulfilling all the standard requirements in the United Kingdom (UK). In addition, our staff will explain the actuarial valuation so you can comprehend the findings, confirm them, and raise objections.