What is IFLC's definition of a service provider that is not a fiduciary?
Businesses that provide administrative only services to fiduciary organizations such as recordkeepers and third party administrators generally do not perform fiduciary functions and do not formally accept fiduciary status.
Are there membership requirements?
Yes. Only service providers that have been certified against a fiduciary standard recognized by IFLC are eligible in this category for membership in IFLC.
What is the Investment Steward Channel?
A means for members that are providers of fiduciary support services to gain recognition within the Investment Steward market. IFLC promotes the identity of organizations within their markets that are members of IFLC. Methods used to achieve this include notifications to trade associations that represent Investment Stewards in 25 industry segments. The number of distribution channels grows continuously.
What is an IFLC Fiduciary Survey?
Regular surveys of Investment Stewards are performed online or in written form and are available through periodic distributions to members. Recent topics include: what pension plan sponsors expect from their service providers and their attitudes about fee disclosure.
What is Insights?
Once a quarter all members in the Service Provider - Non Fiduciary category receive a newsletter that updates them on fiduciary related news.
Key Features of IFLC Membership for Pension Plans
- The Investment Steward Channel
- Survey results and archives
- Quarterly electronic issue of Insights
- Internet meetings
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