US - Mercer has called on the Financial Accounting Standards Board (FASB) to delay the introduction of changes to pension fund reporting and disclosure requirements.
The actuaries also raised a number of amendments to the FASB proposals, designed to make reporting less onerous, saying "the proposal is a good initial step, but we believe certain aspects should be adjusted in order to provide the most useful information in a cost-efficient manner".
They called for the way employers assessed the "significance of risk" to be defined by the plan sponsor's overall financial position, rather than the plan's assets.
This would allow employers to view risk in terms relative to the total operations rather than the plan's assets.
Verlautz and Kra also proposed changes to reduce some of the burden of disclosure, which they said may not provide "cost-effective, useful information".
These changes included scrapping plans to segregate assets into highly detailed categories and allowing companies to decide their own risk significance without complex rules and tests.
In this week's Pensions Buzz we want to know what you think of the government's proposals set out in the DB white paper, which include new powers for the regulator.
The pensions watchdog has been through some testing times and is making significant changes to the way it regulates. Speaking to Stephanie Baxter, Mark Boyle takes stock and looks to the future
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.