Warning over pensions accountancy
- Publish date: 17 June 2014
- Archived on: 15 November 2013
A pensions report has found the mark-to-market accounting standards currently used to calculate companies' pension assets and liabilities are undermining retirement provisions in the UK.
The National Association of Pension Funds (NAPF) report suggested that the mark-to-market standards are inappropriate for assessing the long-term liabilities of pension funds and could lead to unintended consequences.