2004 National Continuing Legal Education Conference on Employee Benefits Law

Submitted by IFS on Fri, 01/02/2004 - 01:00
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Andrew (Andy) Irving presented a session called "Protecting Your Plans in a Troubled Economy: Perspectives from an Independent Fiduciary" on January 4. The session summarized the challenges facing benefit plan fiduciaries: poor capital market performance, bad macro economic conditions, financial problems at the plan sponsor level, corruption and misconduct in the financial services industry. Andy then presented creative strategies to fund pension plans and how independent fiduciaries carry out their responsibilities when called upon to act on behalf of the plan in such transactions.