Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
SEC Approves Registration Rules for Municipal Advisors: Exempts Retirement Board Members but Includes Actuaries
Cheiron [Guidance Overview] Oct. 6, 2013
"[A]ctuarial studies that are used as the basis for a municipal entity to engage in financing are not considered advisory 'if the actuarial study only uses client-provided investment return assumptions and does not make any recommendations about how such municipal entity might address an unfunded liability, including a discussion of the advisability of an issuance of municipal securities or a municipal financial product.' As a result, your actuary will not be able to advise you either to issue or not to issue a pension obligation bond, or even how to analyze the impact of a pension obligation bond, unless they register with the SEC."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |