Investors Nervous Over Pensions?

That’s what this article is reporting at FT.com: “US pension rules make investors nervous.” The article reports that U.S. pension accounting is badly broken” and that balance sheets are “misleading.” The article states: “Of the 500 S&P constituent companies in 2002, 63 reported net pension income when their pensions were in deficit.” The article also reports that “FASB is likely to face pressure if IASB, the international accounting body, follows the path of the UK by adopting a rule that has forced British companies to disclose pension liabilities with brutal clarity.”