|
|
11 Mar 2010
A pension trade body will call for an overhaul of the underlying accounting framework for pensions, which it believes can be held hostage to market swings, the Financial Times reports.
Lindsey Tomlinson, chairman of the National Association of Pension Funds, said there is little point valuing pension assets at market prices which may be subject to “panic selling”.
On Thursday he will call for the creation of a high-level panel of plan sponsors, accounting standards setters and investors to look at reforming current rules.
“What we are saying is that the current framework isn’t satisfactory,” Mr Tomlinson said
“What I say is that we all know the efficient market hypothesis is a flawed hypothesis and it is being talked about in the banking world, too.”
Read the full story: NAPF to call for overhaul of rules
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment