Defined benefit sponsors will welcome the International Accounting Standards Board's changes to IAS19, but will take a hit to profits in the first year, PricewaterhouseCoopers says.
PwC partner Andrew Evans (pictured) said the IASB’s proposal to move to a net interest approach for recognising costs on company balance sheets will see finance directors take an initial hit to profits....
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point