Ethics - EOC - pension fund manager

CFA Level III
#1

Stewart has been hired by Goodner Industries, Inc., to manage its pension fund. Stewart’s duty of loyalty, prudence, and care is owed to:

A. The management of Goodner. B. The participants and beneficiaries of Goodner’s pension plan. C. Both This oen is tough for me. What do you think?

#2

B - your allegiance is owed to the participants and benefeciaries of the plan.

#3

Bah-bah-bee

#4

Thanks. Which means he doesn’t need to have loyalty to management?

#5

There’s an example where you’re actually encouraged to defy the manager’s wishes/orders if they are NOT beneficial to the participants.