42USD), development of the investment policy statement
The seminar covered issues of interest to trustees of defined contribution retirement plans, such as compliance, administration, trustee responsibilities and risk, and investment policy statements
. Committee members who attended the seminar gained Missouri continuing trustee education credit.
Eighty-one percent of respondents said their advisers provide investment monitoring, 67 percent assist with investment selection, 54 percent help develop the investment policy statement
, and 30 percent act as a plan fiduciary.
"Sometimes, funds need to start earlier in looking at their investment policy statement
(IPS), and look to see whether there is, potentially, something in there that could tie their hands and inhibit LDI implementation." One example cited by Campbell is the fixed-income benchmarks.
Do we have an investment policy statement
that clearly states our investment goals?
[check] Obtain a copy of the QI's investment policy statement
One of the most important steps in the investment process is to work on and establish an investment policy statement
. Creating this, in conjunction with a risk-assessment questionnaire, helps define and clarify the investment philosophy and goals.
Where trustees are looking to delegate any of their investment functions to agents, the preparation of an investment policy statement
is a legal requirement.
IPS AdvisorPro(R) and Legent Clearing have announced a strategic alliance to offer Investment Policy Statement
software to Legent Clearing clients.
When making a donation to a foundation, ask for a copy of the Investment Policy Statement
of the foundation.
The plan Investment Policy Statement
clearly describes how plan investment choices are selected and monitored, and participants have ready access to this document.
Developing and presenting the Investment Policy Statement