PricewaterhouseCoopers has become the latest firm to raise fears over proposed pension accounting changes.The financial services firm said proposals by the International Accounting Standards Board to change IAS19 - expected this month - could force most firms to report higher pensions costs.
It estimated the combined pension costs for UK companies would rise by £10bn - with a corresponding decrease in reported profits.
Despite this, PwC said it was "supportive" of the improved transparency on pensions disclosure that the changes would bring. PwC's comments come just weeks after both Hewitt and Mercer issued warnings over the changes.
APA
1 comment:
It occurred to me last night how the dear old Church could save a little of that money and propose it to them as part of the solution. The financial services firm said proposals by the International Accounting Standards Board to change.
What is a pension
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