Posted by Soon to retire on 30 October 2001 at 09:21:02:
As I understand it, this new standard means that companies with defined benefit pension schemes will have to show the surplus/deficit of the fund's value in their annual accounts from 2003.
I'm no accountant, but I think this means that moving money in or out the fund will have no net effect on the assets/liabilities of the company and therefore there'll be little incentive to do so. This might encourage unscrupulous companies to move out as much money as they can over the next financial year.
Anyone know more about this?