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NAPF: Conference update
11 March 2010
Imbalances within international accounting standards was one of the big debates at the annual National Association of Pension Funds conference held in Edinburgh.
International accounting standards need to be revised to address serious imbalances in the pricing of the bond market and prevent continued damage to the pension fund sector, says Lindsay Tomlinson, chairman of the National Association of Pension Funds (NAPF).
"Pension fund accounting is currently unsatisfactory," he said, speaking at the NAPF Investment Conference 2010 held in Edinburgh. He highlighted the destructive effect of using short-term valuations for an asset with a long-term investment horizon. The current accounting standards regime is affecting the ability of pension funds...
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