The SIFMA has no Clothes, the next investment fad and “Are you Ready for some Fee-Ball?”
In a week that we featured Investment Due Diligence for 401k plans, a major court ruling shows what happened without such due diligence.
Washington attacks 401k plans as states move to convert DB plans to DC plans, fiduciary advocates take off the gloves, annuities replace TDFs as favorite whipping boy and more.
Both sides of the fiduciary debate suggest their view reduces retirement investor costs. They can’t both be right. Luckily, the marketplace offers a real testing ground, leaving only one question: Who does the DOL protect – the industry or the investor?
If the major networks prefer to use former professionals as color announcers for sports events, why don’t they use specific industry professionals to write these types of stories for the mass media?