The Scoop on Revenue Sharing

Posted on November 20th, by Editor in Audits/Due Diligence, Counseling & Compliance Training. No Comments

Editor’s Note: The following post by Los Angeles Of Counsel Joe Faucher appears in the latest issue of the California HR Newsletter.To view the entire newsletter click here.   To sign-up to receive the California HR Newsletter click here.

The Scoop on Revenue Sharing

By: Joseph C. Faucher

The Issue: What do plan fiduciaries need to know about revenue sharing?

The Solution: Fiduciaries need to understand that revenue sharing is a common practice in the investment industry.  They must be aware if revenue sharing payments are being made and the amount of those payments, determine how those payments are used, and evaluate whether the overall compensation of the party that receives them is reasonable.

Analysis: “Revenue sharing” occurs when an investment company, like a mutual fund company, issues compensation to another service provider – a recordkeeper or a third party administrator.  The payments are typically made in … Read More »

Practical Tips for “Bring Your Own Devices” (BYOD) Policies and Practices

Posted on November 19th, by Editor in Counseling & Compliance Training. No Comments

Editor’s Note: The following post by San Francisco Partner Cheryl Orr appears in the latest issue of the California HR Newsletter.  To view the entire newsletter click here.   To sign-up to receive the California HR Newsletter click here.

Practical Tips for “Bring Your Own Devices” (BYOD) Policies and Practices

By: Cheryl D. Orr

The Issue: What do employers need to do to minimize risks (privacy, security, safety and wage and hour) caused by use of personal smart phones and tablets in the workplace?

The Solution: Employers can minimize their risks by:

Drafting clear and consistent policies that cover all technologies and servers used;
Having employees sign requests granting them access to the company’s systems and acknowledging when they can be wiped;
Confirming in writing that all information accessed through the company’s systems is confidential and company property and can be wiped if lost or stolen;
Ensuring compliance with the company’s codes of legal and ethical business conduct; and
Addressing when … Read More »

Inside the Beltway Audiocast to Discuss the State of the Retirement Income Industry

Posted on November 11th, by Editor in Counseling & Compliance Training. No Comments

Please join us for the Inside the Beltway Audiocast on Thursday, December 5, 2013.

On Thursday, December 5 at noon eastern our colleagues Fred Reish, partner in the firm’s Los Angeles office, and Bradford Campbell, Counsel in the firm’s Washington, DC office,  will give a free audiocast discussing developments in Washington that directly impact the retirement income industry.  Topics to be discussed during the audiocast include:

End of the year review of what happened, and what it means
Budget negotiations and impact on plans
DOL proposal for 408(b)(2) guide
DOL Target date fund disclosure final regulation
Update on the fiduciary advice proposal
Update on projections of retirement income
The latest developments in retirement plan litigation
Other recent developments

Date:  Thursday, December 5, 2013

Time:  Noon to 1:00 PM (ET)

How:   Click the above “RSVP Online” button to register for Inside the Beltway


Lynne Anderson Quoted in Miami Herald Story on Miami Dolphins Bullying Incidents

Posted on November 6th, by Editor in Crisis Management. No Comments

Lynne Anderson, partner in the firm’s Florham Park office, was quoted in a story that appeared in the Miami Herald regarding the recent incidents of bullying on the Miami Dolphins football team and the potential for the victim of the bullying, Jonathan Martin, to bring legal action against the team and its coaching staff.

Lynne addressed the possiblity of Martin bringing a suit against the team based on Martin belonging to a protected class.  “If Martin can prove he was harassed because of his race – and Incognito’s vile voice messages might be the proof he needs…”  But, being a member of a protected class is only the first step for bringing a claim against the team as Lynne added, “he also has to show that it [the bullying] was unwelcome behavior”.

Lynne also addressed the chance that even if the team was not aware of the bullying that … Read More »

Cheryl Orr to Speak at Drinker Biddle’s 2013 ERISA Insurance Symposium November 12 & 13, 2013

Posted on November 5th, by Editor in Counseling & Compliance Training. No Comments

Cheryl Orr, partner in the San Francisco office, will be speaking on two panels at Drinker Biddle’s upcoming 2013 ERISA Insurance Symposium.  This complimentary symposium, which will be held in the firm’s Chicago office on November 12 & 13, 2013, is intended for in-house counsel and those with ERISA compliance responsibility.  It will feature panel discussions and breakout groups with a practical focus on developments and challenges for the recordkeeping divisions and affiliated broker-dealers of insurance companies operating in the qualified retirement plan market.  Topics to be discussed include:

Regulatory developments at the DOL and IRS
Retirement income guarantees
ERISA litigation and DOL investigations of service providers

Cheryl’s first panel, Technology Issues for Insurance Companies, will discuss data security issues, cyber risks, FINRA privacy concerns and the impact of the ADA on websites.  Her second panel, Odds and Ends: Breakout Discussion of Issues and Problems, will … Read More »

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