Final Salary pension schemes still doomed!
Final Salary pension schemes still doomed! The postponement of the FRS17 accounting standard will NOT save Final Salary schemes, says MX Financial Solutions. The Accounting Standards Board's proposal to delay implementation of the controversial FRS17 'Retirement Benefits' standard is being welcomed by leading independent employee benefit experts MX Financial Solutions. The extension of the requirement to fully adopt the FRS17 provisions by the end of this year to 2005 will ease the pressure on schemes but not remove it. In the meantime, companies will still need to report any pension fund