Defined benefit sponsors will welcome the International Accounting Standards Board's changes to IAS19, but will take a hit to profits in the first year, PricewaterhouseCoopers says.
PwC partner Andrew Evans (pictured) said the IASB’s proposal to move to a net interest approach for recognising costs on company balance sheets will see finance directors take an initial hit to pro...
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, 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
