Nathan Bernardi, ASA, CERA, MAAA

Blurb: In April 2016, the US Department of Labor issued a rule expanding the definition of “investment advice fiduciary” under ERISA. In this session, we will briefly go over the history of ERISA and the DoL “Fiduciary Rule”, look at a case study on how one company responded to the ruling with a particular focus on the actuarial decisions that need to be made, discuss other high-profile company responses, and look forward with a discussion on the current legal challenges and possible rule changes.

Nathan is a senior associate in KPMG’s actuarial and insurance risk function. He formerly worked for a large multinational insurer in its life and retirement practice, where he specialized in the valuation and financial reporting of various annuity and institutional market products.