As anyone who has been unfortunate enough to have lunch with me will testify, my long-term pet hate has been the fact private sector pension funds have to account for and fund future liabilities now, while the government conveniently dodges these rules when it comes to its own liabilities.
My view is that current accounting standards make no sense, which is why the government ignores them while leaving the private sector to fend for itself. But it is now, in the era of the soverei...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
