International accounting standards such as IFRS and US GAAP provide guidelines and principles for reporting on pension benefits, ensuring transparency, comparability, and consistency in financial statements across different jurisdictions and industries. We calculate the pension cost under the different accounting standards and can advise on how it affects the company’s books and what can be done to manage and mitigate risks.
Annual reporting is at the heart of a company’s financial cycle and it is essential that this process is completed with the highest quality within the required timeframe of the company. As the leader in international valuations of occupational pension plans in Switzerland WTW understand your needs and requirements.
Goals of international valuations
Core elements of international valuations
Companies in Switzerland that report their financials under international accounting standards (IFRS or US GAAP) require a full actuarial valuation of their Swiss pension plan to comply with these standards. We offer comprehensive services to cover all aspects of international accounting including:
- Complete actuarial valuation calculations
- Dedicated reporting in our market leading proprietary tool
- Consulting support in setting assumptions and methodology
- M&A support, including due diligence
- Long-term projections and budget planning
- Experience studies to validate and review valuation assumptions
- Tools to monitor pension balance sheet on a dynamic basis
- Strategic advice regarding cost and risk management measures
Our collaborative approach will help you to understand the financial impacts for the company and develop measures to effectively manage the pension fund risks faced by company.
Why WTW?
Working together, we will help you achieve your key objectives and limit your time commitment to the essential information we need to perform our work independently. We offer:
- Swiss market-leader in international accounting: we perform valuations for over 200 clients in Switzerland annually and will ensure that the right expertise is available to you in any situation
- No process risk: rigorous global standards combined with advanced tools and in-house expertise ensures process will run according to plan
- Knowledge is power: we provide training for you to better understand your international accounting figures in our seminars & webinars dedicated to this topic
- Leading technology: WTW offers market leading tools, to help ensure attractive fee level, meet expectations, and support secure information exchange
- 360° Benefits Academy: We offer an annual training on international pension accounting, aimed at deepening our Swiss clients’ understanding of global accounting standards.
- 1-stop shop: our interdisciplinary team has extensive knowledge and experience in actuarial, brokerage, investment, pension fund management, governance, legal, and communication topics
