Pension Plans - Research the types of Pension Plans which are approved for in the local economy. One quick way is to review the financial statements of companies which are quoted on the Stock Exchange. If possible download the latest financial statement of several companies, and search for the accounting policy notes and the notes to the financial statements. If time is of the essence, perform a search for pension and highlight the information for close scrutiny.
- On locating the relevant paragraphs, learning about the topic which is being presented can be easy if you identify the points which seem to be factual or related to a date. For example, you can identify the type of plan which has been accepted by the company, as well as the due dates for the valuation of the plan and the names of the valuators. This will lead to additional research on the work done by valuation companies and can prompt questions in the interview.
- Another quick win is to identify the accounting standard which guides the disclosures relating to pension plans. Further research on the standard, will reveal when the standard was adopted by the local accounting body, the date of the last revision and whether the company is compliant with this standard or not.
- Another quick win is to identify the number of employees in the plan. This will give an idea on the possible size of the employees in the plan. A visit to the offices of the entity will indicate the age of the available population as well as the possibility of them belonging to the plan.
A more difficult area to learn about is Benefits, which I will perform research on and try to write about.