ASB

Controversy over the discount rate used to value defined benefit pension liabilities is nothing new but, as Tim Wilkinson and Frank Curtiss explain, the flaws may be more serious than many realise.

Proposed financial reporting standards would impose an "unjustified level of disclosure" on schemes, the National Association of Pension Funds warns.

The Accounting Standards Board has laid out proposals to abolish the use of expected return on assets in scheme valuations.

Just a quarter of the UK pensions industry supports plans to make all schemes compliant with International Financial Reporting Standards, a poll shows.

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

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