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Sponsored Bodies

Volume 454: debated on Thursday 14 December 2006

To ask the Secretary of State for Culture, Media and Sport how much was incurred by her Department in reassessing pensions liabilities under FRS17, as referred to on page 60 of the departmental annual report for Sponsored Bodies. (109350)

My Department has incurred no direct costs in reassessing pensions liabilities under FRS17. DCMS Sponsored Bodies with pension schemes requiring a reassessment of the parent bodies’ liabilities to meet the new disclosure requirements have met the marginal cost of additional accounting and actuarial advice from within current resource allocations.