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September 2001 Issue

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Consulting To Multinationals

Planning for the implementation of FRS17 Download the PDF Version

The publication of the Financial Reporting Standard 17, Retirement Benefits 'FRS17' in November 2000 changes the financial reporting requirements of UK listed companies in respect of their pension and other post-retirement benefits. The standard will be required for all accounts published after 22 June 2003, although transitional arrangements will require certain elements of the standard to be followed for accounting periods ending on or after 22 June 2001.


Diary date: FRS17 Compensation and benefits for the internationally mobile employee


Newsbriefs - Country developments reported this month:

Germany: New employment legislation aimed at easing skills shortage

Portugal: Fixed-term employment

Sweden: Alecta's surplus distribution plans

United Kingdom: UK global share plans

United States: New law set to improve retirement security

US/UK: New double taxationagreement

New from Watson Wyatt:
United States - Accounting for pensions and other postretirement benefits 2001

Survey of accounting assumptions for non-US defined benefit plans as of December 31, 2000


For further information on any of the items included in The Multinational, please contact your usual Watson Wyatt consultant. Alternatively, the e-mail addresses of your regional contacts are:

Europe, Middle East and Africa: rosemary.scott@eu.watsonwyatt.com
The Americas: robert_gump@watsonwyatt.com
Asia Pacific: danny_quant@watsonwyatt.com

The articles in The Multinational are of general interest and guidance. Action should not be taken on the basis of any article without seeking specific advice.


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