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.
BNY Mellon has launched a range of reporting tools to help institutional investor clients track and evaluate portfolio investments based on environmental, social and governance (ESG) issues.
Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.
Both New Zealand and Australia are assessing myriad complex pension policy options. David Harris says the UK would do well to study these developments
Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).