Situated on Pandon Bank, just minutes from Northumbria University campus and the Students' Union building, Manor Bank is in the perfect location to make the most out of your time at Northumbria University.
Discounting principle. - Discounting principle: Discounting principle refers to a rule of Attribution which states that the perceived role of a cause will be discounted or reduced if other plausible causes are also present.
Discount Rate. The discount rate plays a key role in assessing whether the pension plan has enough assets to meet its future pension obligations. The discount rate reflects what the plan's assets can reasonably be expected to earn over the long term. From this are subtracted the cost of running the pension plan and provisions for major adverse events, such as the 2008 financial crisis and the tech bubble in 2001. The discount rate is approved annually by the plan's board members. The process to set the discount rate is robust to ensure this assumption is reasonable and appropriate for the plan.