State-run backlash, fiduciaries on a pinhead, and still misunderstanding fees.
Ron also says to “sunset” BICE, eliminate all conflicts-of-interest, and don’t trust FINRA.
The Dean of the financial service industry speaks out on robo-advisors, consumer confusion, and the “You” test.
California’s lesson, 401k fee backlash and more silly academic suggestions.
Exposed as misleading as early as 1999, should 401k plan sponsors continue to risk increasing their fiduciary liability by condoning their use?
Washington talks of scrambling nest eggs, DOL smacks poor fiduciaries and silly season for investments.
Lesson: Always read the fine print. If it’s too good to be true, it usually is.