9 June 2011: UK pensions industry disapproves of IFRSs

Posted by on 9 June, 2011
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This item was filled under Accounting

On 29 October 2010, the UK Accounting Standards Board (ASB) published its proposals for the future of
financial reporting in the UK and Republic of Ireland
including a proposal that pension schemes should be classified as tier 1 in the ASB tier structure and would have to report under IFRSs.
Deloitte (United Kingdom) has conducted a poll to find out whether the pensions industry supports the proposals of the ASB.

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