At its meeting on May 24, 2023, the AcSB discussed feedback from the Pension Plan Working Group and research related to improvements to the disclosure of investment management expenses. The Board tentatively decided that improvements should be made to the disclosures related to investment management expenses in pension plan financial statements to increase transparency and comparability. The Board will seek additional feedback from the Pension Plan Working Group in July to obtain input on the nature of any proposed disclosures. In addition, AcSB members discussed that pension plans commonly hold interests in investment funds and other structured entities. As such, the Board is considering whether it may be useful to introduce disclosure requirements to improve transparency in this area. The Board will seek more feedback on this matter, including potential solutions at its Pension Plan Working Group meeting in July 2023.

Review the Executive Summary on the AcSB's Web site.