Sponsored by BPU Investment Management, Inc. and Professional Capital Services
You've just been asked to serve on the retirement plan or pension committee or you're the head of an organization that has one. Whether you know it or not, you are a fiduciary and have legal responsibility for other people's money.
This program provides step-by-step guidance on the legal background for today's retirement-plan fiduciary process and offers best practices associated with mitigating litigation risk and improving outcomes for plan participants.
This comprehensive presentation will offer a clear understanding of the 7 Global Fiduciary Precepts; the Hierarchy of Investment Decisions; investment line-up construction; Qualified Default Investment Alternatives; Manager Due Diligence, Selection and Monitoring; and the Department of Labor's Uniform Fiduciary Rule ... or what's left of it.
These important questions will be addressed:
- Harvard v. Amory through Tibble v. Edison - What are the legal responsibilities of investment stewards?
- Discovery - What should I know before I make any decision's an Investment Policy Statement and why should I have one?
- How many choices should be in my plan?
- Someone has to make investment decisions - How do I select managers?
- How do I mitigate litigation risk - monitoring and documentation best practices?
Receive resource tools to help you apply what you've learned:An 88-page guideA self-analysis questionnaireA sample Investment Policy StatementA template for an Investment Committee CharterA template for investment committee minutesA due diligence and monitoring checklist
The vast majority of the world's liquid investable wealth is in the hands of investment fiduciaries, and the success or failure of investment fiduciaries can have a material impact on the fiscal health of any country. -- Prudent Investment Practices; fi360, 2013; p 7
A HUGE THANK YOU TO OUR SPONSORS