THE ACCOUNTING Standards Board has published a set of guidelines designed to boost transparency of pension scheme reporting in company accounts.
The body – responsible for UK pensions accounting standard FRS17, which is used by non-listed UK firms – said that the reporting statement was intended to have “persuasive rather than mandatory force”....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.