Poor old you
Series: Building ; 1 August 2003, 19-20(2)Publication details: 2003Subject(s): Summary: Comments on the pension funds deficit which is affecting many firms. Notes that the construction industry in particular is one of the worst hit sectors and affected even more by accounting rule changes being introduced in 2005. Here deficits in pension schemes will have to be listed in a company's bottom line reducing the value of a company. Reports how many firms have been forced to close their final salary scheme including construction conglomerate Montpellier and more recently Rok and Alfred McAlpine. Some contractors have stated their intentions not to close their schemes immediately but they cannot be certain about the future. With details of final salary and money purchase schemes.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66962 (Browse shelf(Opens below)) | 1 | Available | 123487-1001 |
Comments on the pension funds deficit which is affecting many firms. Notes that the construction industry in particular is one of the worst hit sectors and affected even more by accounting rule changes being introduced in 2005. Here deficits in pension schemes will have to be listed in a company's bottom line reducing the value of a company. Reports how many firms have been forced to close their final salary scheme including construction conglomerate Montpellier and more recently Rok and Alfred McAlpine. Some contractors have stated their intentions not to close their schemes immediately but they cannot be certain about the future. With details of final salary and money purchase schemes.