Increasing retirement plan-focused litigation has put insurance carriers and fiduciary service providers in difficult positions. In this article published in PLANSPONSOR, McDermott Partner Erin Turley said such litigation continues to be a “major focus” in the fiduciary insurance marketplace.
“It is a challenging market right now, to the point that we are looking at trying to think about ways that insurance products might be differently structured, to address what we hope will only be a short-term tightening in the market.”
As more and more advisers continue to transition from the role of the product salesman to benefit facilitator, knowing what to do in the event of the client entering into a corporate spinoff can be critical.
John Hendrickson, partner at McDermott Will & Emery, says he is beginning to see a trend in corporate spinoffs and ensuring advisers have the tools necessary to assist in this transition could be imperative.
To breakdown the key points advisers should focus on during this transition, Hendrickson has highlighted 10 items to consider in a corporate spinoff.
Subscribe
