Check out the latest Spotlight Series Q&A from BCG Pension Risk Consultants featuring Sterling Perkinson, Partner and Co‑lead of our Employment Benefits and Tax team
In this piece, Sterling discusses fiduciary considerations for selecting annuity providers for pension plan terminations or buy-out transactions. The discussion includes developments from recent PRT litigation, the response from the Department of Labor, and the implications for plan sponsors and fiduciaries.
The heightened focus on fiduciary governance in today’s U.S. PRT market also provides timely context for this month’s discussion with Sterling. Recent litigation, evolving Department of Labor expectations, and the increasing scrutiny applied to annuity provider selection have reshaped the landscape for plan sponsors and fiduciaries. Many of the themes highlighted in this Q&A — prudent process, documentation standards, and the implications of emerging case law — feature prominently in the broader conversation around pension risk transfer governance and the responsibilities facing today’s plan sponsors.
Disclaimer
While we are pleased to have you contact us by telephone, surface mail, electronic mail, or by facsimile transmission, contacting Kilpatrick Townsend & Stockton LLP or any of its attorneys does not create an attorney-client relationship. The formation of an attorney-client relationship requires consideration of multiple factors, including possible conflicts of interest. An attorney-client relationship is formed only when both you and the Firm have agreed to proceed with a defined engagement.
DO NOT CONVEY TO US ANY INFORMATION YOU REGARD AS CONFIDENTIAL UNTIL A FORMAL CLIENT-ATTORNEY RELATIONSHIP HAS BEEN ESTABLISHED.
If you do convey information, you recognize that we may review and disclose the information, and you agree that even if you regard the information as highly confidential and even if it is transmitted in a good faith effort to retain us, such a review does not preclude us from representing another client directly adverse to you, even in a matter where that information could be used against you.
