• DOL OIG Recommends Further ERISA Regulation of Service Provider Conflicts of Interest
  • October 13, 2010 | Authors: Daniel M. Buchner; Adam B. Cohen; Alice Murtos; Joanna G. Myers
  • Law Firms: Sutherland Asbill & Brennan LLP - Washington Office ; Sutherland Asbill & Brennan LLP - Atlanta Office ; Sutherland Asbill & Brennan LLP - Washington Office
  • In a report dated September 30, 2010, the U.S. Department of Labor’s (DOL) Office of Inspector General (OIG) recommended additional ERISA regulation of conflicts of interest on the part of service providers to retirement plans. The OIG recommendations were based primarily on the 2005 SEC “pension consultant” report, a review of DOL enforcement practices and policies, interviews with DOL and SEC officials, and a random sampling of DOL fiduciary audit files.