>>>>In his October Fiduciary Corner column, Blaine looked at how upcoming 408(b)(2) disclosure requirements combined with the increased enforcement efforts related to the DOL Consultant/Adviser Project are creating increased urgency for service providers to consider the potential consequences of decisions related to the structure, amount and distribution of fees associated with their products and services.
There is >evidence that DOL is stepping up their enforcement under this program and the 408(b)(2) disclosures will only make examinations more efficient. Being found in violation of the law carries with it more than just the consequences of DOL punishment, but of litigation, negative PR, and disruption to the organization, not only for the service providers themselves, but potentially for ERISA plan clients as well.
You can read Blaine’s full article at InvestmentNews.com. In addition, here are links to sources mentioned in the article, as well as some additional resources for further reading:
- The Drinker Biddle newsletter
- DOL description of the Consultant/Adviser Project (located about halfway down the page)
- About upcoming 408(b)(2) disclosure regulations
- A recent webinar on 408(b)(2) we hosted with Drinker Biddle ERISA attorney Fred Reish>>>
>>>>We would also like to remind everyone that the deadline to submit a speaker proposal form for the fi360 2012 Conference is November 15. We are currently in the process of building the 2012 Conference agenda, and a portion of our agenda is gathered using an open proposal process. If you are interested in speaking at the 2012 Conference please fill out our speaker proposal form.
You can visit our 2012 Conference page for additional information about the conference, including registration, hotel information, the agenda, and more. Also, please don't hesitate to send us any additonal questions you might have. Early-bird registration is open now until November 30, so register today to save $100.
Now on to the rest of the best links from the past week:
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