UK - The National Association of Pension Funds (NAPF) has urged the Accounting Standards Board (ASB) to revise proposals on the financial reporting of pension plans, warning they are likely to further weaken and erode UK defined benefit (DB) schemes if left unchanged.
Releasing its response to the ASB proposals, the NAPF said it objected to the plan to use actual returns rather than estimated returns in companies' Income Statements. It was also concerned empl...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date