HOT OFF the press, the International Accounting Standards Board's newly revised IAS 19 Employee Benefits has significant implications for those pension schemes that have recently graced the press due to widespread public sector strikes.
A number of changes have been made to render pension schemes more transparent and comparable: chief among these is the requirement for the scheme's asset returns to be measured as if they were corporate bond yields, otherwise known as the AA-discount rate. These assets offer lower returns than high-risk investments such as equities but are considered more secure.
See full Article.
Posts
