Pension accounting standard FRS17 should be immediately suspended after the implementation of quantitative easing by the Bank of England, Baring Asset Management says.
The asset management firm said FRS17 should be suspended to avoid significant damage to corporate pension schemes and balance sheets. The BoE last week cut the base rate to an historical low of 0.5%...
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.