This year has seen a massive acceleration in the closure of the much-coveted final salary scheme, which many companies have blamed on the new rule.
The standard requires companies to include in their balance sheets pension fund assets and liabilities leading to increased volatility.
The rule due to come into full force in December was this week postponed by the UK Accounting Standard Board until the global standard setter updates its pensions standard.
Survey findings by Mercer, the pensions consultant, of the accounts of 146 members of the FTSE-350 found 61% of their funds would have been in deficit at year end.
FTSE-100 companies fared better with 47% in deficit compared with 69% of those in the FTSE-250.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements