Actuaries and accountants have predicted proposed International Accounting Standards Board amendments to how defined benefit costs are recorded in companies' accounts - unveiled last week - will have a serious impact on their earnings.
Under international accounting rule IAS19, companies can currently record a “profit” each year equal to the expected, rather than actual, return on pension scheme investments. With pension schem...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
