About the CFDG
Consultation: Exposure Draft on Pension Disclosures
CFDG welcomed the opportunity to comment on the Accounting Standards Board Exposure Draft on Pensions Disclosures: Proposed amendments to FRS17 'Retirement Benefits' and Reporting Statement Retirement Benefits - Disclosures'.
The Exposure Draft proposed an amendment to FRS17 which replaces the disclsoures required by FRS 17 with those of International Accounting Standard (IAS) 19. This achieves convergence between the FRS 17 and IAS 19; in relation to disclosures.
In addition, the Exposure Draft sets out a draft Reporting Statement which aims to complement the disclosures proposed in the amendment to FRS 17. The draft Reporting Statement sets out six principles to be considered when providing disclosures for defined benefit schemes.
CFDG's Response:
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