UK Pensions - Accounting Standards Board's pension reform proposals: "Horrendous"



Proposals by the UK's Accounting Standards Board (ASB) to bring the annual volatility of pension scheme assets directly onto the balance sheet and to use a risk-free, rather than corporate, bond rate to discount occupational pension liabilities have been savaged by a leading figure in the UK pensions sector.

The ASB discussion paper proposed an end to the smoothing mechanism which currently allows the expected rate of return to iron out short-term volatility and instead report the actual returns

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here