Investment Risk Relating to Retirement Benefit Obligations and Pension Assets
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 2 of 14 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In the previous fiscal year, the Group implemented a pension buy-in for pensioners under certain of its UK pension schemes, reducing the risks associated with managing pensioners' scheme assets, declining discount rates and increases in defined benefit obligations due to longer life expectancy among pensioners.」
The Group continues to disclose the reduction in risk achieved through a pension buy-in for part of its UK pension schemes. - FY2024MitigatedAnnual report
「In June 2023, the Group implemented a pension buy-in for pensioners under certain of its UK pension schemes」
The Group implemented a pension buy-in for part of its UK pension schemes, putting in place specific measures to reduce risks associated with the management of scheme assets, discount rates and increasing longevity. - FY2021RestatedAnnual report
「Accordingly, if discount rates decline, investment returns deteriorate or the market value of shares held in trust falls, the Group's financial position and operating results may be affected.」
The Group continues to disclose the risks associated with retirement benefit obligations and pension asset management, and is considering reviewing pension assets and increasing the proportion of highly secure assets as countermeasures. - FY2019RestatedAnnual report
「If discount rates decline, investment returns deteriorate or the market value of shares held in trust falls, the Group's financial position and operating results may be affected.」
The Group continues to disclose risks associated with retirement benefit obligations and the management of pension assets. - FY2016First statedAnnual report
「If discount rates decline, investment returns deteriorate or the market value of shares held in trust falls, the Group's financial position and operating results may be affected.」
This is disclosed as a risk associated with pension assets backed by defined benefit pension plans, retirement lump-sum benefits, defined contribution pension plans and shares.