New UK Data Tracks FRS17 Pension Effects

January 30, 2003 ( - Consulting actuaries Punter Southall & Co. have launched a UK Web-based database, which will allow financial advisors and investment analysts to compare pensions liabilities of the UK's leading companies under FRS 17 accounting rules.

The introduction of FRS 17 accounting rules will make certain that pensions deficits and surpluses are reflected on company balance sheets, and companies are being encouraged to adopt the requirements now, despite the standard being formally  deferred to 2005 .

Punter Southall’s database will show how FTSE 100 companies are faring under the FRS 17 accounting rules, and will also provide access to information on changing investment strategies and funding levels.

The database can be viewed on a  Punter Southall Web site .