Final publication of the new standard is expected later this month. The standard is still in draft form and technically in the editorial process - hence the "near final" draft - but sources said the standard is not expected to change substantially between now and when it is published in the next two to three weeks.

The revised standard is to remove two key features of existing pensions accounting standard - the use of expected return on assets, and corridor accounting options.

The new standard also overhauls the rules on what must be disclosed in company accounts, with the intention of giving investors more information about the risks that companies run in their pension schemes.

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