Estipulante-averbador

English translation: plan trustee

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:Estipulante-averbador
English translation:plan trustee
Entered by: Andre Lange (X)

16:11 Mar 30, 2017
Portuguese to English translations [PRO]
Bus/Financial - Insurance
Portuguese term or phrase: Estipulante-averbador
Esclarecimentos sobre VGBL Coletivo Averbado
Estipulante-averbador é a pessoa jurídica que propõe a contratação de plano coletivo, ficando investida de poderes de representação, exclusivamente para contratá-lo com a seguradora, sem participar do custeio.
Andre Lange (X)
Brazil
Local time: 03:00
plan trustee
Explanation:
https://www.fool.com/knowledge-center/difference-between-a-t...

The trustee of the plan has the primary fiduciary responsibility for ensuring that plan assets are managed for the best interests of the plan participants and their named beneficiaries. In particular, trustees must follow the plan's rules in administering the plan, and they must follow the standard of care that a reasonable fiduciary would follow in fulfilling their responsibilities. Trustees are specifically barred from engaging in prohibited transactions with pension assets, and they're not allowed to receive compensation from other parties dealing with the pension plan or take actions that create a conflict of interest.

http://www.businessdictionary.com/definition/self-administer...

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Note added at 1 hr (2017-03-30 17:34:08 GMT)
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https://pt.wikipedia.org/wiki/VGBL
Selected response from:

Gilmar Fernandes
United States
Local time: 02:00
Grading comment
Obrigado!
4 KudoZ points were awarded for this answer



Summary of answers provided
4plan trustee
Gilmar Fernandes


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
plan trustee


Explanation:
https://www.fool.com/knowledge-center/difference-between-a-t...

The trustee of the plan has the primary fiduciary responsibility for ensuring that plan assets are managed for the best interests of the plan participants and their named beneficiaries. In particular, trustees must follow the plan's rules in administering the plan, and they must follow the standard of care that a reasonable fiduciary would follow in fulfilling their responsibilities. Trustees are specifically barred from engaging in prohibited transactions with pension assets, and they're not allowed to receive compensation from other parties dealing with the pension plan or take actions that create a conflict of interest.

http://www.businessdictionary.com/definition/self-administer...

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Note added at 1 hr (2017-03-30 17:34:08 GMT)
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https://pt.wikipedia.org/wiki/VGBL

Gilmar Fernandes
United States
Local time: 02:00
Native speaker of: Native in PortuguesePortuguese, Native in EnglishEnglish
PRO pts in category: 127
Grading comment
Obrigado!
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