“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”
Posts From Christopher Carosa, CTFA
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.
Anti-Social Security, at least they showed up, and adding a new twist.
Ultimately, if you want to protect yourself and others from making simple mistakes, you must embrace the sin that first birthed those missteps.
Regulatory de ja vu, ESG real or not, and Target Date what?
The proliferation of investment options promised participants a plug-and-play plan. In the process, it created a 401k Frankenstein monster of a mess.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 6/19/20
Rockin’ regulators, fightin’ fiduciaries, and investment nobody is asking for.