According to the AIMR-PPS, plan sponsors, consultants and software vendors

Plan Sponsors, Consultants, and Software Vendors | AIMR-PPS

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According to the AIMR-PPS, plan sponsors, consultants and software vendors

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A. are exempt from any of the Standards.

B. are directly responsible for ensuring the companies they employ are in compliance with the Standards.

C. are held accountable to the Standards in the same way as AIMR Members, Charterholders and Candidates.

D. cannot make a claim of compliance unless these entities actually manage the assets for which they are making the claim of compliance.

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Explanations

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A. B. C. D.

Plan sponsors, consultants and software vendors cannot make a claim of compliance unless these entities actually manage the assets for which they are making the claim of compliance. These groups can claim to endorse the Standards and/or require that the investment management firms they employ, from which they solicit information, or to which they sell be in compliance with the Standards.

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