THE ACCOUNTING Standards Board has issued proposals to change the discount rate used for calculating scheme liabilities - a move that will increase FTSE 100 scheme liabilities by £90bn.
The UK accounting body said its discussion paper – The Financial Reporting of Pensions, issued in conjunction with European standard setters – proposes to replace the AA corporate bond discount rate currently...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers