Concerns over proposals to introduce smoothing into scheme valuations have been revealed by a Department for Work and Pensions call for evidence. Although some respondents welcome the plans, which are expected to feature in the Budget this month, many warned they would have a limited impact and reduce transparency.
Responses to the consultation stressed that, if smoothing is introduced, it would have to apply to assets and liabilities and schemes would have to be given the choice over whether or not to apply ...
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