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Exam CFA® Level 1 topic 1 question 28 discussion

Actual exam question from Test Prep's CFA Level 1
Question #: 28
Topic #: 1
[All CFA Level 1 Questions]

________ establishes the fiduciary principles for U.S. corporate pension plans.

  • A. AIMR
  • B. PSPC
  • C. ERISA
  • D. WTO
  • E. UMIFA
  • F. None of these answers
  • G. RELAC
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Suggested Answer: C 🗳️
ERISA establishes the fiduciary principles for U.S. corporate pension plans. ERISA is very specific in its definition of fiduciaries and their responsibilities and investment managers of U.S. corporate pension plans are subject to ERISA's fiduciary provisions.
by KAla7223 at Jan. 30, 2023, 4:59 a.m.

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KAla7223
2 years, 5 months ago
C. ERISA (Employee Retirement Income Security Act of 1974) establishes the fiduciary principles for U.S. corporate pension plans.
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