Why companies don't want to list in the UK anymore
Behind the Money
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The Impact of FRS 17 on the UK Pension System
In 2000, the UK adopted a new accounting standard for British companies. FRS 17 required companies to calculate surplus or deficit on their defined benefit pension scheme each year. Any deficit had to be disclosed as a financial liability in their accounts. This led to a huge shift in how the UK pension system operated. And that would eventually go on to affect the London Stock Exchange.
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