As of July 1, 2012, managers advising ERISA (Employee Retirement Income Security Act of 1974) defined benefit and defined contribution pension plans generally will be required to provide the plans’ fiduciaries with information about fees, services and potential conflicts of interest the fiduciaries need in order to meet their obligations in selecting and monitoring the service providers. ERISA’s new Rule 408b-2 provisions requires “covered service providers” (defined below) to make these disclosures to managed account clients and fund investors that are “covered plans” (defined below). HedgeOp encourages investment advisers with ERISA-covered defined benefit and defined contribution pension plan clients or fund investors to commence drafting such disclosures, if they have not already done so. Additional information about the content of, and method of providing, such disclosures is provided below. Continue reading