Aviva is to sell its roadside recovery business RAC for £1bn while retaining its defined benefit pension liabilities.
Changes to accounting standards will hit the manufacturing industry with a £200m increase in finance costs, research suggests.
GLOBAL - Pension funds will continue to shift away from equities to bonds as a result of the latest changes to International Accounting Standards, Mercer says.
Pension funds will continue to shift away from equities to bonds as a result of the latest changes to International Accounting Standards, Mercer says.
The International Accounting Standards Board has published the final IAS19 standard, confirming key changes that could see £10bn wiped off UK company profits.
Changes to IAS19 will have a "limited" effect on investor attitudes but are likely to accelerate investment de-risking strategies, consultants say.
Changes to IAS19 will have a "limited" effect on investor attitudes even though they could dent reported profits by as much as £10bn, PwC says.
GLOBAL - Here it is. Global Pensions' summary of what changes to accounting standard IAS19 could mean for both sponsoring employers and pension schemes.
Here it is. Professional Pensions' summary of what changes to accounting standard IAS19 will mean for both sponsoring employers and pension schemes.
GLOBAL - The International Accounting Standards Board has published a "near final" draft of its revised pension accounting standard IAS19 - confirming key changes that could see billions wiped off company profits.