IAS 19 — Definition of plan assets

Date recorded:

In April 2005, the IFRIC received a request for it to issue guidance on the accounting for insurance and investment policies issued to a pension plan by an entity that employs the staff included in the plan (or by a subsidiary that is consolidated in the same group as that entity). The submission asked how such contracts should be accounted for when determining plan assets in accordance with IAS 19 Employee Benefits. At this meeting, the IFRIC will consider whether to take a project onto its agenda to develop guidance on the accounting for such policies.

The IFRIC agreed on the staff recommendation not to add this item to the IFRIC's agenda.

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