2010 1st Quarter

The Board of Trustees of the Radio, Television and Recording Arts Pension and Annuity Funds (New York, NY) selected IFS to provide on-going investment advisory services such as asset allocation advice, manager selection recommendations, and performance measurement services.

In this March 8, 2010 interview with Mr. Samuel (Skip) Halpern, President of IFS, readers learn the difference between fiduciary audits and operational reviews.  Also discussed are five new challenges with respect to a fiduciary’s responsibilities.  These include assets in plans, litigation settlements and investment vehicles (and asset managers) that are deemed to fall outside the scope of ERISA.

IFS involvement with the UAW Retiree Medical Benefits Trust was cited in the March 8, 2010 edition of Pensions & Investments publication.  A link is provided below:

http://www.pionline.com/apps/pbcs.dll/article?AID=/20100308/PRINTSUB/303089966/1031/TOC

Independent Fiduciary Services, Inc (IFS) has been engaged by the UAW Retiree Medical Benefits Trust to manage Ford Motor Company securities which Ford recently contributed (and in the future may contribute) to the Trust.  Under a settlement agreement among Ford, the United Auto Workers union and a class of current or former UAW-represented employees these Ford securities, along with other assets of the Trust, are expected to fund health