A Broken Trust

內容大綱
Based on client meetings, this case profiles a situation in 2014 where pension plan members are struggling to make decisions due to inappropriate account reporting. A sense of urgency permeates the case. The husband’s pension account has recovered much of the value he lost in 2007, but he is concerned that another loss could occur, at a point in his life where he will not have time to recover. Two themes are addressed through a discussion involving a couple and their financial planner: the first considers the differences between defined benefit and defined contribution pension plans, while the second considers appropriate performance reporting for pension plan members.
學習目標
Students will be introduced to the differences between defined benefit and defined contribution pension plans, and the responsibilities of plan trustees and administrators. Consideration is also given for the characteristics of appropriate performance reporting for pension plan members, where emphasis is placed on providing relevant information for decision-making, within the context of a pension plan.
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