Accounting Standards Board

UK - The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.

The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.

The discount rate used to calculate scheme liabilities in company accounts should be a risk-free rate, an Accounting Standards Board report confirms.