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The International Accounting Standards Board (IASB) has published a Project Summary on its research project Pension Benefits that Depend on Asset Returns.
From 2018 to 2021, the IASB researched the feasibility of amending IAS 19 Employee Benefits to introduce requirements for pension benefits that depend on asset returns. Such benefits depend on the performance of specified assets, such as shares or bonds.
The IASB decided not to develop amendments to IAS 19 because its research did not find enough evidence that pension benefits that depend on asset returns are widely offered across jurisdictions. Therefore, the IASB concluded that the cost of implementing any changes outweighed the potential benefit of improved financial reporting. The IASB was also mindful of introducing an approach that would require an exception to the measurement requirements in IAS 19.
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