KPMG in the UK has embarked on a journey of transformation during 2013, in pursuit of our strategic goal to dominate professional services. Our Annual Review highlights how we bring real benefits to our clients, our people and society as a whole.
We are proud to be partnering with Action for Literacy and Shelter to enable us to play a greater part in tackling the key issues of literacy and homelessness in the UK today.
The UK Banks Performance Benchmarking Report explores the key trends in the first half results of the big five UK headquartered banks – Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered.
Interactive Infrastructure offers a snapshot of the face and future of UK infrastructure pipeline using an interactive platform to connect infrastructure stakeholders at an early stage in the development of projects.
KPMG has recently published the 2013 Guide to Directors’ Remuneration, a survey which analyses trends in FTSE 350 directors’ pay.
Corporate reporting in its widest sense has an important role to play in restoring trust. There is a groundswell of opinion that things aren’t quite right. But it’s not enough to acknowledge it. I believe that it’s time for change.
Explore your options in our e-zine, where you’ll find out more about whether our Audit, Risk Consulting or Gap Programme is for you.
If you’re not a little bit scared, you’re not paying attention. Find out more about our graduate programmes in audit, tax, advisory and central services.
Keep up to date with the latest news and views from KPMG in the UK by following our twitter feed.
KPMG’s leadership blogs brings you insight, opinion and debate from our senior partners and industry experts.
The 2013 edition of our Alumni magazine, Connected, features Alumni profiles, as well as articles about Cyber Security and Tax Transparency. Regional variations for Scotland, North, Midlands and South are also available
Over 11,000 of our alumni are registered on LinkedIn. We have established the KPMG UK Alumni group to enable you to contact many of our past and current people who are members.
Now most UK Pension funds are running behind where they would like to be at the moment. Gilt yields have generally crashed and equity returns have been really rocky.
Now of course, all of this might unwind and resolve itself, the Eurozone crisis can’t go on forever, QE won’t go on forever, and we might get back to something approaching normality, but in the meantime right now, doing nothing simply is not an option, so all we really need is probably some kind of pacemaker that can regulate us, and increase our chances of getting to the finishing line, but at the same time we also need an ambulance following behind to pick us up and get us there, if it all goes wrong.
Well in the pensions world, that’s what CAR does. CAR is a clever way of using assets to back a pension fund. Let me give you an example of how that works.
I had a client with a £100m deficit in their pension fund. Now rather than pay £10m a year to clear the deficit, instead the company are net cash positive after using CAR to back the pension scheme. The Trustees are as pleased with this outcome as the company is. Now I bet you are sitting there thinking “that must have used property right?” Well actually, no, in this example, it wasn’t property. We have seen a wide variety of assets used to do this, from trade receivables, brands, licences contracts, all sorts of things and in fact we have never yet seen a company that doesn’t have something that can be used to back its pension fund in this way.
If you would like to know more about this innovative solution, then please get in touch.
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.