'Prudent' pension accounting adds £40bn

By 15 June 2009

'Prudent' pension accounting adds £40bn

[17:10 CEST 15-06] UK – The voluntary adoption of prudent accounting assumptions when calculating pension liabilities has already added an additional £40bn (€47bn) onto UK company balance sheets, and future changes to accounting rules could impact companies by a further £70bn, KPMG has warned.

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