2min chapter

Behind the Money cover image

Why companies don't want to list in the UK anymore

Behind the Money

CHAPTER

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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