The Financial Reporting Council (FRC) has proposed amendments to its FRS102 accounting standard to address fears an overhaul of reporting standards will add millions to corporate liabilities.
The had been fears FRS102 would force private companies in the UK to book their defined benefit (DB) pension obligations along the lines of IFRIC 14, the international standard that applies to listed companies,...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.