The Financial Accounting Standards Board is proposing two new sets of standards that it says will improve the transparency of financial reporting for private sector defined benefit plans.

The initiative is part of a broader project to improve the effectiveness of financial disclosures by focusing on information that is most relevant to analysts and investors.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.