US - The US is set to adopt FRS17-style rules for pension accounting in a bid to achieve convergence between US and international financial reporting standards.
US Financial Accounting Standards Board chairman Robert Herz said he wanted to take an FRS17 approach.
He said current accounting rules could produce misleading figures in companies’ earnings statements.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...
It may be time to create variations of limited liability, but each alternative has its own problems, Con Keating argues.