This study examines how UK pension fund trustees interpret the concept of their fiduciary duties in practice and how these interpretations may shape pension fund approaches to corporate stewardship and engagement as envisioned by the UK Stewardship Code. Using the data from 35 in-depth,...

“Keep Your Lid On: A Financial Analyst's View Of The Cost & Valuation Of DB Pension Provision”, is the third "Finance Short" on pensions by Con Keating. There has been growing discontent among the sponsors and trustees of defined benefit (DB) pension schemes over scheme valuation regulations...

Accounting for defined benefit pension plans is complex, and given the magnitude of many of these schemes relative to their corporate sponsor, understanding whether pension disclosures are value relevant is key to improving the quality of financial reports. The application of fair value...