Fiduciary Duties for Financial Services Companies: The Unique ERISA Paradigm

Fiduciary Duties for Financial Services Companies: The Unique ERISA Paradigm

July 23, 2020

United States
United States
United States

In an article for the Journal of Pension Planning & Compliance and the Journal of Pension Benefits, and in light of recent proposals to impose fiduciary responsibilities on financial services firms, Eversheds Sutherland attorneys Mark Smith and Carol McClarnon review the ERISA fiduciary regime that has been in effect since 1974 and its distinctive features as compared to the common law of trusts and other fiduciary laws, and consider as a case study bank collective investment trusts.

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W. Mark Smith

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