UK regulator may relax pension scheme standard

Wednesday 31 May 2006 at 16:00

The UK's accounting regulator, the Accounting Standards Board, is to consult on changes to the FRS17 standard that could mean companies have more flexibility in valuing the assets and liabilities of their defined benefit pension schemes.

The board has released a financial reporting exposure draft (FRED) that proposes replacing the FRS17 disclosure regime with that of IAS19, the international accounting standard