1 August 2008 00:00
He says VFMC is reviewing its own requirements for staff, but there are some questions around how far you spread the net of who is captured by the disclosure requirements and investment restrictions.
“For example, to what extent do the Chinese walls extend to the staff member’s family?” he asks. “We’re still working on it.”
MUFG has struck a binding deal to acquire Grow Inc, the upstart administrator that has spent the past three years peeling clients away from it. The deal marks a sharp turn in a rivalry that has defined the administration market's recent history.
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