Calling ABCs to account

Jack Jones examines the effect of the FRC’s warning over asset-backed contributions

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Last week, the Financial Reporting Council (FRC) revealed it had conducted a number of probes on asset-backed contribution structures (ABCs) set up to fund pension deficits.

The investigations were into a handful of early ABCs that were structured to have a "favourable impact on financial solvency, gearing and reported comprehensive income" in the sponsor's accounts. ...

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