ASB Pension Accounting Proposals - ACT Response

www.apb.org.uk/asb/press/pub1513.html

The ACT acknowledges that in the field of pension accounting there can be many different arguments and justifications for various different treatments. We believe that the accounting should adopt a pragmatic middle course and accordingly the ACT does not accept the idea that pension liabilities be discounted at the risk free rate rather than a AA bond rate, nor the proposal to take to income account the actual investment returns rather than the expected returns, as at present.

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