Northern Trust Enhances IAS19 Reporting Solution to Support Pension Clients

To help its pension fund clients meet the International Accounting Standard 19 (IAS19) reporting requirements under the International Financial Reporting Standards, Northern Trust (Nasdaq:NTRS) has enhanced its fair valuation reporting solution.

Under IAS19, pension funds are required to disaggregate the fair value of plan assets to distinguish the nature and risks of those assets. Northern Trust’s IAS19 Reporting Solution provides an efficient way to assist clients with the collection and analysis of data related to risk disclosures.

The newly enhanced solution now includes two additional reporting functions that provide the information needed to prepare footnote disclosures for auditors during the annual review process and includes market value reconciliation information alongside credit ratings data, industry indexes, and market capitalization.

"Pension funds are seeing an increase in demand from regulators and accounting standards to provide fair valuation analysis of their assets,” said Debra Clayton, product manager at Northern Trust. "Through our enhanced reporting solution, Northern Trust can provide transparency into sophisticated portfolios to assist our pension fund clients with this potentially complex process, helping them to meet their regulatory requirement.”

Northern Trust offers a range of regulatory reporting solutions to help its clients meet their regulatory requirements. Most recently it announced it had enhanced its investment statement reporting solutions to help its Dutch pension fund clients meet the Financieel ToetsingsKader (FTK) regulations set out by the Dutch National Bank.

Northern Trust’s dedicated programme of workshops, newsletters and thought leadership provides regular updates from experts on the latest regulatory developments impacting its clients and on how Northern Trust is evolving to support their requirements.

About Northern Trust

Northern Trust Corporation is a leading provider of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. Chicago-based Northern Trust has offices in 19 states, Washington, D.C., and 19 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2014, Northern Trust had assets under custody of US$6 trillion, and assets under investment management of US$924.4 billion. For 125 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com and follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures