On May 28, 2004, the Joint Forum of Financial Market Regulators released the final guidelines for capital accumulation plans. The Guidelines will likely become the de facto standard of care and result in additional due diligence obligations for sponsors, administrators and service providers. Although the Guidelines are voluntary, regulators have indicated that they expect capital accumulation plans to operate in accordance with the Guidelines by December 31, 2005.

type Pension Alert - Final Guidelines for Capital Accumulation Plans