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Selecting and Monitoring Pension Consultants

September 1, 2005
Related Topics: Retirement/Pensions, Featured Article, Compensation

In May 2005, a Securities and Exchange Commission investigation found that the pension consultant industry was rife with conflicts of interest. The agency examined documents provided by 24 pension consultants and found that the majority of them or their affiliates provided products and services to pension plans and to money managers and often did not disclose these relationships to clients.

    In June, the U.S. Department of Labor and the U.S. Securities and Exchange Commission published the following list of tips to help fiduciaries of retirement plans screen pension consultants for conflicts of interest.

The information is intended to provide useful information on the topic covered, but should not be construed as legal advice or a legal opinion.

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