UK - Two large UK companies have reported big losses in their pension schemes under new FRS17 accounting rules.
Engineering giant GKN's preliminary results showed that a deficit in its £2bn group pension schemes would have reduced shareholders’ funds by £169m, if it had fully implemented FRS17 on December 31...
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
