Products October 11, 2011

MetLife Issues Guide for Fiduciaries on Fee Disclosure Regs

The guide provides an overview of the upcoming Department of Labor (DoL) regulations regarding fee disclosure requirements that service providers must provide to plan sponsors by April 1, 2012.
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The MetLife paper, “Fiduciary-Level Disclosures for ERISA Retirement Plans,” provides historical context and practical application of the regulation.   

In the paper, ERISA plan fiduciaries can find information regarding:  

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  • An overview of the interim final regulation
  • Types of fees and expenses included in the disclosures
  • Timing of the required disclosures
  • Fee oversight checklist

The paper is available at http://www.metlife.com/assets/mlr/403b-resource-center/Fiduciary-Level-Disclosure-White-Paper.pdf.   

MetLife issued a paper on participant-level fee disclosures in July (see “MetLife Offers Paper on Participant Fee Disclosure Rules“).

Deals & People October 11, 2011

ING Expands Advisory Support Team

ING Financial Partners has appointed Andre Robinson as Head of Advisory Business Development and Rich Taylor as Head of Brokerage Operations.

 

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Robinson will lead the consultancy, practice management, and business development initiatives for advisory platforms and products. Taylor will oversee all brokerage operations activities for ING Financial Partners.  

Robinson has more than 13 years of experience in brokerage and financial services, including expertise in business development and relationship management. Prior to joining ING, Robinson was Vice President of Business Development at Citigroup, where he was responsible for driving revenue growth for global transaction services. He also served as Vice President and Relationship/Product Manager at Pershing, where he managed broker/dealer and registered investment adviser adoption of advisory and technology solutions.  

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Robinson earned an MBA from Saint Joseph’s University on Philadelphia, and a B.A. in Business Administration from Arcadia University.

Taylor has more than 15 years of experience in brokerage and financial services operations. Prior to joining ING, Taylor was Chief Operating Officer at Capital Guardian LLC.  Additionally, he served as a Vice President at LPL Financial, where he led the integration of operations, service teams and platforms for three of their broker/dealer firms. He has also held leadership positions at Fidelity Investments (National Financial) and Pershing, and served as a sergeant in the military.

Taylor earned an MBA from Plymouth State University and graduated cum laude with a B.S. in Marketing.

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