Pension Groups Meet with CFTC

Representatives from pension fund sponsors and pension fund groups recently met with U.S. Commodity Futures Trading Commission (CFTC) officials to talk about business conduct standards that affect counterparty relationships.

The 9 pension industry representatives included Kent Mason, who appeared on behalf of the American Benefits Council, Washington, and Jim Harshaw of the Committee on Investment of Employee Benefit Assets, Bethesda, Md.

The pension industry representatives talked about topics such as coordination of the CFTC’s proposed business conduct standards rules with the U.S. Labor Department’s proposed definition of the term “fiduciary” and reliance on a benefit plan’s representations about the the qualifications of its representative.