Pension fund advisors

Are they filling too many roles? A look at potential conflicts of interest and whether plan sponsors have abdicated too much decision-making responsibility
By Fred Pamenter
|Canadian HR Reporter|Last Updated: 03/16/2001

Who or what is a pension fund advisor? In broad terms one could consider a number of entities as being advisors to a pension fund. The description could include the fund’s auditors, its lawyer, its actuary or its measuring service. This discussion will primarily deal with those organizations that at one time were referred to as “measuring services” but more recently have become commonly referred to as pension fund advisors.

This group deserves attention because their mandate has had a much more significant change than those of the other groups.

Evolving role