CRA was asked by the ABI to conduct research into the market impact of encouraging Customer Agreed Remuneration (CAR) as a method for determining intermediary remuneration for financial advice. The objective was to assess its impact on actual or perceived bias resulting from the current remuneration models, and whether it encourages additional saving and greater provision of advice.
ERISA forfeitures and class action lawsuits
The Internal Revenue Service (IRS) has supported this practice; however, current litigation focuses on whether using forfeitures to reduce employer...