Financial Accounting Standards Board, Norwalk, Conn., voted today to require companies to disclose investment strategy as part of the proposed pension disclosure requirement. Investment strategy will include, for example, how corporate sponsors prescribe or proscribe pension fund investments, said Sheryl L. Thompson, manager-public relations. Earlier this month, the board had included in the proposal requirements for disclosure of asset allocation, target allocation and expected future contributions, among other information. The FASB hopes to issue the rule by the end of the year and have it take effect for corporate statements after June 15, she said.
Financial Accounting Standards Board, Norwalk, Conn., voted today to...
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