I have adopted FRS17 within my company balance sheet, how will this affect the D&B Failure Score and associated probability of insolvency used by the PPF for the purpose of the levy calculation?
(added 8/8/08) FRS17 implementation starts from the assumption that the assets and liabilities of a pension plan are essentially assets and liabilities of the sponsoring employer, and as such should be recognised at fair value on the company balance sheet. Any changes to the assets and liabilities on the filed and audited financial statement will be considered in the D&B Failure Score. However, it is important to remember that the inclusion of the pension deficit on the balance sheet will not necessarily have a negative impact on the Failure Score, and there are a range of other factors that may explain any deterioration.
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