GLOBAL - Countries that do not have a well developed corporate bond market, such as Australia and Norway, will not be able to base their discount rate for calculating liabilities on a synthetic corporate bond rate, but will instead have to base the discount rate on government bond yields.
Following inquiries by some countries on developing a synthetic corporate bond rate in the absence of a “deep” corporate bond market, International Financial Reporting Interpretations Committee (IF...
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
