UK - The BT pension scheme liabilities will grow to almost £46bn (€61.4bn) and be pushed into a £7.6bn deficit if suggested changes to UK accounting standards are implemented, according to research by independent consultant John Ralfe on behalf of RBC Capital Markets.
Under the proposed revisions to the IAS19 accounting requirements, pension fund liabilities will be shifted from one area of the company accounts - the so called 'corridor' which allows 'smoothing'...
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