The number of pension schemes using market value as a basis for valuation has risen dramatically from one per cent to 45% in the last three years, according to research by PricewaterhouseCoopers. The survey comes as a new accounting standard for valuing company pensions is set to be introduced. Actuaries claim that although the new standard, FRED 20, which uses market value, will improve company disclosure, it will also increase complexity and market volatility.
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