Pension deficits:
You might be working with the wrong numbers

  • Author:
    Geoff Robinson
  • Level:
    Intermediate to Advanced
  • Study time:
    Always adding content
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Course overview
In our latest research note, "Pension Deficits: You Might Be Working With the Wrong Numbers," we delve into the critical yet often overlooked aspect of pension deficits in financial analysis. This note is an essential read for investment analysts who seek a deeper understanding of how pension deficits can impact a company's financial health.

We focus on the importance of accurately adjusting for these deficits by using the present value of pension deficit repair cash flows. This adjustment is not just a numerical exercise; it's a crucial step in gaining a true picture of a company's liabilities and long-term financial stability. We aim to guide analysts through the complex terrain of pension accounting, demonstrating how a refined approach to evaluating pension deficits can lead to more informed investment decisions.

What's included?

  • Fundamental research written by Geoff Robinson
  • Analyst-curated insights
  • Embedded podcasts
  • Embedded videos
  • Downloadable models, where applicable

Who should read this?

This research note is particularly valuable for investment analysts, portfolio managers, and financial advisors who are involved in equity research, corporate finance, or risk assessment. It's also highly relevant for CFOs and corporate treasurers who manage company pension schemes and need to understand the implications of pension deficits on their firm's financial statements.

Additionally, this note will benefit academic researchers and students in finance or accounting who are exploring the real-world applications of pension accounting and its impact on investment analysis. Whether you are a seasoned professional or new to the field, this note offers critical insights into a complex yet vital area of financial analysis.


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Geoff Robinson FCA FMVA MFM

Thought leader, instructor, writer, financial influencer, Former UBS Managing Director and 9x #1 ranked analysts EMEA Institutional Investor Survey
Geoff has had a varied career. He was a Managing Director within UBS Equity Research, leading their Global Fundamental Analytics franchise. During this time, he was #1, ranked 8x in the EMEA Institutional Investor Survey. Before UBS, he was a material equity investor and LBO co-investor in two market exited training consultancies. Geoff has a passion for learning and is well-known for his ability to break down complex subject matter and distil it to an audience in a digestible and engaging manner. He brings this passion to