Summary
THE much-criticised accounting standard FRS17 has turned out to be an "effective educational exercise", a leading consultancy said yesterday as it revealed an average 30-per cent increase in pension fund contributions by FTSE-100 companies last year.
Three out of four FTSE-100 companies reporting at the end of 2005 paid more into their pension fund than in the previous year, a handful of companies made large special contributions, and there were also signs of companies having tightened up on the award of discretionary pension benefits.See the full content of this document
Extract
Much-Maligned Frs17 Standard Found to Be Effective
Watson Wyatt's analysis of newly-available FTSE-100 company accounts for 2005 found that almost all companies are now recognising the full FRS17...
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