The most pertinent issue may not be the fiduciary imperative, but the marketing imperative. This makes things extremely difficult for the 401k plan sponsor who may sometimes confuse which has priority. Here’s an example of why a plan sponsor might be concerned.
Posts From Christopher Carosa, CTFA
Common sense at the DOL? Throwing in the Fiduciary Towel? & Ain’t It Nice To Be Talking Investing Again?
Do you know the answers to the most important MEP/PEP questions – or do you only think you know the answers to the most important MEP/PEP questions?
Rockin’ regulators, fightin’ fiduciaries, and investment nobody is asking for.
“That is one of the key weaknesses of the SEC’s Reg BI. It allows brokers to claim they are working in an investor’s best interest without being held to a legal duty of loyalty”
IRS on the move! Recordkeeping fees under attack! And investing is back?
If plan sponsors want to alleviate retirement angst among plan participants, they need to ensure they provide full transparency regarding factors that extend beyond the plan. Plan sponsors have an obligation to explain their retirement benefits within the context of these outside factors.
Pension problems redux, Fiduciary Rule redux, and 1929 redux.
Despite the better intentions of finance professors a generation ago, the market regularly fails the efficiency test. The scary reality is not a question of what degree of market inefficiency exists, it’s that market inefficiency exists at all. And that can harm investors.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 7/3/20
More compliance that matters, a new Fiduciary Rule, and investments that don’t matter