UK - Jardine Lloyd Thompson (JLT) has revealed that its £184.8m UK pension scheme has over £50m in liabilities under the controversial accounting standard, FRS17.
Under FRS17, the UK based insurance group’s pension scheme had a deficit of £72.4m for the 2001 financial year. However, when JLT’s £21.7m related tax-deferred credits are factored in to the equati...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
