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ASB delays disclosure scheme

The Accounting Standards Board will postpone implementing controversial plans aimed at forcing companies to disclose more about their pension schemes, according to the Financial Times.

The board,which will release the final version of its proposals on Thursday, hopes the delay will reassure critics who argue the changes would provoke a negative reaction from investors.

Firms fear the ASB’s plans will lead to greater volatility in accounts as businesses will have to report how pension fund asset values vary with movements in world markets.

ASB chairman Sir David Myers says "To give businesses a chance to accustom themselves to the new information the plans won’t be fully implemented until 2003."


English Country Inns – Enterprise Investment Scheme

Tuesday, 28th November 2000.Aim: Growth by investing in freehold public houses.Minimum investment: £2,000.Opening-closing date: November 13, 2000-April 2, 2001.Charges: Initial 5.95 per cent, annual 1.9 per cent.Commission: Initial 2.5 per cent.Tel: 0800 9177107. 

Royal & SunAlliance Investments – Maximum Income Bond Fund

Tuesday, 28th November 2000.Aim: Income by investing in high yielding corporate bonds, primarily in UK and Europe.Minimum investment: Share class 1 – lump sum £1,000, monthly £50, share class 2 – lump sum £200,000, share class 3 – lump sum £10 million.Investment split: Sterling 39.8 per cent, Euro 54.7 per cent, US$ 5.5 per cent.Yield: […]

Wesleyan go for lower cost pension as Stakeholder approaches

Wesleyan Assurance Society has introduced the new lower cost personal pension plan. The company is aiming the scheme at the self-employed and people who have not yet joined a company pension scheme. Wesleyan has brought the scheme in as a part of the push for more low cost products, but it is not marketing this […]

UK pension funds down again

The value ofUK pension funds has fallen for the third consecutive quarter of 2000, according to Edinburgh based performance measurements consultants The WM Company. Overall returns were down 0.4 per cent compared with 0.6 per cent for the first two quarters. The WM Company executive director Peter Warrington says “Returns overall have been disappointing for […]


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