The core competence and core business area of Kenston Services GmbH is the actuarial consulting and support of employers of all types with regard to their company pension schemes.
Pension obligations resulting from direct commitments are recognized in the balance sheet of the respective company by means of pension provisions. In this respect, the following accounting measurement options can be considered or applied:
tax balance sheet valuation in accordance with Section 6a of the German Income Tax Act (EStG);
valuation under commercial law in accordance with the requirements of the German Accounting Law Modernization Act (BilMoG);
- international accounting in accordance with International Financial Reporting Standards (IFRS) and United States Generally Accepted Accounting Principles (US GAAP).
In this context, Kenston Services GmbH assists employers of all sizes with the balance sheet valuation of pension obligations. For this purpose, all necessary balance sheet approaches are considered and finally evaluated.
In addition to the annual calculation of provisions, the spectrum also includes long-term forecasts and simulations based on various scenarios. In the same way, calculations and expert opinions are also prepared for obligations similar to pensions (e.g. obligations for anniversary benefits, from partial retirement agreements and others).
Supplementary to actuarial consulting for companies in general, another core competence of Kenston Services GmbH is the comprehensive support of pension and burial funds. Besides the provision of responsible actuaries, complete function outsourcing is also part of the services.
The team of Kenston Services GmbH consists of graduate mathematicians, actuaries (DAV) and IVS experts who can look back on decades of professional experience.