The Financial Reporting Council (FRC) has launched a crackdown on companies using asset-backed contribution structures (ABCs) that reclassify pension obligations as equity instruments in their accounts.
The watchdog said it had intervened with several companies that had structured ABCs in this way, and in each case the company had revised either the structure or the valuation of the arrangements. ...
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
