With the fall in stock markets, the total deficit that UK companies will have to disclose under the ...
With the fall in stock markets, the total deficit that UK companies will have to disclose under the new accounting standard FRS17 is estimated to have increased to £70bn by actuarial adviser Watson Wyatt. Although the full introduction of the standard has been postponed, companies will still have to disclose FRS17 figures in the notes to their accounts. The reason for the deficits is that UK company schemes invest heavily in equities.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes