While much has been written of the lack of retirement savings among Americans, the most widely talked about change â lowering the cap on tax deductions â could exasperate the lack of retirement savings.
For that to work, however, itâs not enough to change the titles brokers use â to make them call their sales representatives âsalespeopleâ and call their services âsales recommendationsâ â youâd also have to completely change the way they market themselves so that their marketing messages are consistent with their regulatory status.
The wrong way to save retirement, the truth about “clean” shares, and Investing: It’s all your fault!
It will be important for 401k plan sponsors to get down and dirty when it comes to understanding the fiduciary liability implications of âcleanâ shares and their equivalent. Furthermore, since the most successful class action suits have involved different share classes of the same fund, you can be sure the introduction of âcleanâ shares will catch the eyes of your not-so-friendly neighborhood class action attorney.
Compliance update, fiduciary update, and exactly how clean are those “clean” shares?
This is not to say the 401k is perfect and that thereâs no need to improve it. These improvements, though, would be more like tweaks rather than wholesale changes.
Compliance test, plan sponsor fiduciary awareness, and the similarity between Paul McCartney’s grandfather and the future of mutual funds.
But, as the clichĂ© goes, âWhat about the children?â Arguably, it is minor children who have the best (and easiest) opportunity to shield themselves from a retirement crisis. They have the advantage of time (to maximize the benefits of compound interest).
Pension problems, spaghetti regs, and the never ending battle between stocks and bonds.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 10/20/17
Fiduciary irony, fee disbelief, and investment deja vu.