With a small team working on The Treasurer, we need to plan well ahead, especially if we are to give our much-valued contributors a decent amount of time to put together their articles.
Mayday on May Day Usually a day of rest or parades for the workers of the rest of the world, Tuesday 1 May this year will mean a trip to the Metropole in Birmingham for the UK Treasurers conference f
Treasurers warn that legislative changes may accelerate the shift away from defined benefit pension schemes
In its response to the government's consultation on the future of the Minimum Funding Requirement (MFR), the Association of Corporate Treasurers notes that the cost to companies of providing defined benefit pensions has increased markedly over recent years, with the increase in longevity, lower real interest rates and the withdrawal of the dividend tax credit in 1997.
The year ahead January is nearly always a miserable month – holidays are over, the coffers are empty, you’re more likely than not on a diet, and so on.
The ASB's Discussion Paper has raised many issues of interest to a treasurer. The Paper focuses primarily on employee share plans, particularly those based on share options. Since these options are a financial derivative, treasurers will be familiar with many of the concepts introduced by the ASB.
Mr A Murfin
Markets and Exchanges Division
Financial Services Authority
30 November 2000
Dear Mr Murfin
MARKET ABUSE - CP 59
Although we have made no formal response to the Consultation Papers on this topic, it seems possible that treasurers could unwittingly fall foul of the provisions. It would normally be our intention to inform our members of the aspects of the regime that would apply to them but we are very unclear what impact the new rules will have on treasurers.
