for Establishing Collective Trusts
CD of Teleconference with Q&A
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Conducted on Thursday, June 5, 2008
Now available on CD |
Between 2003 and 2006, demand for collective investment trusts in retirement savings plans grew from 32% to 41%. Along with this growth, several lawsuits against ERISA fiduciaries based on the investment in collective investment trusts have been filed, and additional suits are coming.
Retirement plan administrators are adding collective investment trusts to their product offerings because they allow financial institutions to provide more diverse products than SEC-registered mutual funds.
However, plan sponsors and administrators must step back and understand how to properly structure the use of such trusts in retirement plans to comply with ERISA requirements.
Listen as our panel of ERISA and financial services attorneys outlines the legal requirements and regulatory landscape for collective investment trusts and the impact of recent ERISA litigation on collective investment trusts.
The panel included:
Thomas J. LaFond, Partner, Goodwin Procter, Boston. He structures and implements investment products and services. He also represents clients before federal and state banking and securities regulators in securities lending and other matters.
James O. Fleckner, Partner, Goodwin Procter, Boston. He focuses on complex commercial litigation, representing financial service providers and corporate clients in ERISA, securities and derivative class actions and in private civil litigation.
Linda K. Shore, Counsel, Mayer Brown, Washington, D.C. She represents financial services firms and corporate plan sponsors in all areas covered by ERISA and has extensive experience in structuring investment products to be offered to ERISA investors.
The panel reviewed these and other key questions:
- How do collective investment trusts compare to registered mutual funds?
- What are the potential regulatory pitfalls in establishing collective trusts?
- What are the recent trends in ERISA litigation that are affecting collective trusts?
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TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $297 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT.
Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.