UK - A draft proposal released by The International Financial Reporting Interpretations Committee (IFRIC) aims to clarify the murky relationship between "statutory or contractual minimum funding requirements and the requirements of the pensions standard, IAS19 Employee Benefits."
IFRIC claimed the 21-page proposal document clarified "how to determine in normal circumstances the limit on the asset that an employer's balance sheet may contain in respect of its pension plan as...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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