The International Accounting Standards Board has published the final IAS19 standard, confirming key changes that could see £10bn wiped off UK company profits.
The move to CPI for pension indexation will reduce defined benefit liabilities by about £60bn by the end of the year, KPMG says.
Tax relief on contracting out should be scrapped for all pension schemes by 2012, the Office of Tax Simplification recommends.
The ‘small print lottery' over RPI/CPI usage in company pension schemes means some pensioners will see their income reduced by 20% over 20 years, KPMG says.
A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.
Trustees have been handed more than £4bn from scheme sponsors through asset-backed funding structures, research from KPMG reveals.
My first morning back at work following a two-week break in the sun started with a bump - with Radio 4 talking about three separate pensions stories.
More than a third of FTSE100 firms cannot plug their pension scheme deficits using current discretionary cash flow, KPMG warns.
Majority of schemes polled claimed deferred members would be hit by move