ERISA, a federal law, stands for The Employee Retirement Income Security Act of 1974.

Notto is tasked with strengthening the firm's focus on current legislative and regulatory changes, as well as helping inform product strategy and providing updates to plan sponsors and financial advisors on policies that could impact defined contribution plans.

“From newly enacted laws to pending proposals, reforms and litigation, the legislative and regulatory landscape is continually evolving at a rapid pace. Now more than ever it's critical for DC plans to stay current on policy changes and understand their fiduciary responsibilities,” said Anne Lester, managing director, portfolio manager and head of retirement solutions.

Related issues have indeed bubbled up in the past year after the US Department of Labor proposed a new rule that would require anyone or firm providing investment advice to retirement investors to do so as a fiduciary.

“Adhering to the fiduciary standard requires, among other things, putting a client’s interest ahead of your own at all times, and in particular avoiding conflicts of interest...Hiring resources to focus on understanding and implementing the business practices required to adhere to fiduciary responsibilities certainly makes sense, and should be positive for investors overall,” says Michael Zeuner of WE Family Offices.

Before joining JP Morgan, Notto was a senior retirement plan counsel at AllianceBernstein and general counsel and consulting practice director at Universal Pensions . He also worked in the legal department of Investors Diversified Services .

At JP Morgan, Notto will report to Lester in the firm's New York headquarters.