NAPF event to focus on improving pension standards
The forthcoming Accounting Summit being held by the National Association of Pension Funds (NAPF) is to focus on improving the way in which pensions are valued on company balance sheets.
Ensuring the health of defined benefit provision will also be on the agenda at the event, which is due to take place in the coming months.
Chairman of the NAPF Lindsay Tomlinson said at the announcement of the summit that current accounting standards ’have been very damaging to defined benefit provision’, resulting in many firms closing their schemes.
’The NAPF want to find a better approach to pension accounting that balances transparency with a less volatile assessment of assets against long-term liabilities,’ she remarked.
Such a move may be beneficial to those who have invested a portion of their
private wealth in a pension and Ms Tomlinson added that the upcoming summit will feature many ’leading experts’ from the pension world.
Last month, the body published new guidance aimed at encouraging pension funds to improve their corporate governance.
Related news
Wednesday 09 September 09
|
News categories
|