The International Accounting Standards Board has published a "near final" draft of its revised pension accounting standard IAS19 - confirming key changes that could see £10bn wiped off UK company profits.
The pensions deficit for the UK's largest companies remained stable in May, but major changes to accounting standards could increase shortfalls by £10bn, Aon Hewitt warns.
Scapa Group has reduced the deficit of its three UK defined benefit schemes by £3.6m, results show.
DMGT is set to agree a 12-year deficit recovery plan with trustees which will pump about £344m into the defined benefit scheme, results show.
Imminent changes to accounting standard IAS19 could dent UK company profits by as much as £10bn, KPMG warns.
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UK - Regulatory focus on plugging scheme deficits quickly is "unhelpful" and could actually damage businesses and pension funds, Hymans Robertson warns.
The Organisation for Economic Co-Operation and Development has encouraged the International Accounting Standards Board to review the definition of DB and DC plans as they relate to international accounting standards.
GLOBAL - The Organisation for Economic Co-Operation and Development has encouraged the International Accounting Standards Board to review the definition of DB and DC plans as they relate to international accounting standards.