Catherine Drummond comments on proposed accounting changes for insurers
16 August 2010

Catherine Drummond, a consultant at actuary Lane Clark & Peacock LLP in London, said the "IASB proposals are effectively changing the way the expected return on assets is to be calculated.  And what they're suggesting is that instead of using the expected return on assets they actually use the discount rate."

Businesses that have large pension programs may feel a particular effect from this, Drummond said at a recent briefing by Lane Clark & Peacock on the UK pension sector.

Insurance News Net
16 August 2010