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Pension-Consulting Conflict Plan On GAO Drawing Board
The Government Accountability Office is working on a request by Reps. Ed Markey, D-Mass., and George Miller, D-Calif., to develop a plan for dealing with potential conflicts of interest in the pension consulting industry.
TheGovernment Accountability Officeis working on a request by Reps.Ed Markey, D-Mass., andGeorge Miller, D-Calif., to develop a plan for dealing with potential conflicts of interest in the pension consulting industry. According toInvestment & Pensions Europe, the GAO's goal is to demonstrate how conflicts of interest can affect solvency in pension fund asset management and determine which agencies should be responsible for overseeing and investigating such conflicts. The GAO, which will also consider the role of thePension Benefit Guaranty Corp.,is expected to have an outline for the plan by the end of May.