At a glance
- For plan advisers, the same test applies to any participant-advice provider: confirm the entity holding the ERISA duty, what it is paid, and where participants are told.
- WTW's materials answer the first question for its own platform.
- As Retirement Capital Daily previously reported, WTW launched Via Retirement for DC plan participants.
WTW's securities arm will act as an ERISA fiduciary on rollover recommendations tied to employer plans under Via Retirement, the defined-contribution platform WTW launched, according to WTW's materials.
That gives plan sponsors and advisers a named entity for the fiduciary duty on rollover advice.
For plan advisers, the same test applies to any participant-advice provider: confirm the entity holding the ERISA duty, what it is paid, and where participants are told.
WTW's materials answer the first question for its own platform.
As Retirement Capital Daily previously reported, WTW launched Via Retirement for DC plan participants.
The launch carried no assets.
Reported by the Investments desk from WTW materials, as reported in Retirement Capital Daily coverage. Published . Corrections