UK - The National Association of Pension Funds (NAPF) has urged the Accounting Standards Board (ASB) to revise proposals on the financial reporting of pension plans, warning they are likely to further weaken and erode UK defined benefit (DB) schemes if left unchanged.
Releasing its response to the ASB proposals, the NAPF said it objected to the plan to use actual returns rather than estimated returns in companies' Income Statements. It was also concerned empl...
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