Trustees at risk of added pressure from sponsors over UK GAAP changes

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Trustees of multi-employer defined benefit (DB) schemes may come under added pressure from sponsors due to changes in the Generally Accepted Accounting Practice in the UK (UK GAAP).

Participants in multi-employer DB schemes can currently be exempt from accounting for a DB deficit on their balance sheets if it could not be easily apportioned. Contributions to schemes are only l...

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