Much as investment policy statements
(IPSs) gained traction over the past 20 years, fee policy statements will likely see an uptick in use over the next five or so.
Provide the Committees with an assessment of, and recommendations for, any changes needed to the Investment Policy Statements
including recommendations on changes to benchmarks or universes used to measure and monitor Investment Manager performance.
Fifty-six percent of respondents said investment policy statements
were important, using them to define the family's investment and financial goals.
Finally, committees should make certain they comply with any governance documents, including investment policy statements
, by applying investment criteria, revenue sharing guidelines, and plan document provisions.
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
Since the adoption of Investment Policy Statements
in December 2012, the past two years have shown positive results through active management of the UELAC accounts and funds.
IPS AdvisorPro is used by financial advisors develop customised investment policy statements
, which are used to document client investment goals and the subsequent procedures to achieve those goals.
They also did not keep investment policy statements
for certain clients.
This recent case has made it clear that they must follow their investment policy statements
and must have appropriate expertise on the committee to make [prudent judgments].
Complex derivatives, glide-paths, and altered investment policy statements
67% of asset owners and 83% of investment managers have adopted a formal policy on responsible investment - typically this is integrated within core investment policy statements
Investors have the right to know how their money is going to be managed, said Boone, "and the IPS AdvisorPro(R) software enables advisors to create detailed, customized Investment Policy Statements
in under 15 minutes.