Nationwide Financial Offers Fiduciary Training

By Trevor Thomas

February 28, 2002 at 07:00 PM

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NU Online News Service, Feb. 28, 2:50 p.m. – Nationwide Financial Services Inc., Columbus, Ohio, is offering a free course to financial professionals on fiduciary duties in retirement, which it says will soon be available free of charge through its network of third-party retirement plan administrators.

Nationwide Financial will offer the course beginning in March to financial professionals selling its retirement plans, a company spokesperson says.

Nationwide producers can sign up by getting in touch with one of the company's more than 200 independent group pension administrators.

Nationwide says it designed the course for professionals and administrators to use to help clients meet their responsibilities under the Employee Retirement Income Security Act, the federal law governing group pension plans.

The program includes course work in helping plan sponsors with investment selection and monitoring, employee investment education, selecting plan trustees, and allocating and delegating key fiduciary responsibilities.

The course includes Web sites for investment professionals and for plan sponsors, tools for selecting and monitoring funds and a handbook edited by C. Frederick Reish, a partner at Reish, Luftman, McDaniel & Reicher, a Los Angeles law firm.

Don Jones, national sales manager for Nationwide Financial, is introducing the course this week at the American Society of Pension Actuaries' 401(k) Sales Summit in Scottsdale, Ariz., a company spokesperson says

Nationwide sells its retirement plans through its own captive agents, third-party administrators, independent broker dealers and financial institutions.

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