Prudent expert rule for pension plans

[nailit]

Schweser is mentioning this in one of the Q Bank questions (Question ID#: 92552), but I see no reference to this in the CFAI books.

 

[FRM2cfa]

I hve also not noticed anywhere else.
But this must be referring to “prudent Investor rule”.

 

[nailit]

i see more and more references by Schweser to “pr expert rule”, apparently stemming from ERISA.

 

[happyking02]

ERISA states that DB plan assets must be invested for the sole benefit of participants. Prudent expert rules dictate plan administration.
Prudent investor rule applies to foundation, endowment, life, and non life insurance companies.
Also, I came across this post on the topic:
http://www.analystforum.com/phorums/read.php?13,699230,699230

 

[nailit]

thx, hk