As we approach clarity with regards to Congressional action and/or implementation of the Trump Executive Order, we may find need to expand these MEP guidelines. Until then, though, companies in business associations where commonality exists may wish to use these ground rules when determining if a 401k MEP is the right course to take.
Posts From Christopher Carosa, CTFA
“…the best efforts of those focused on product, not investors, are ultimately doomed to failure.”
Progress and Retreat, fiduciary life without regulators, and “What, me worry/” markets.
“In 5 years, I think investors will be considerably worse off if SEC does go forward with its proposals without substantial change.”
Still, if one has confidence the marketplace will drive the industry towards focusing on the best interests of clients, then a de facto fiduciary standard can emerge organically, without overt reliance on regulators.
MEPs, Fees, and Leveling the ETF playing field.
We asked financial professionals across the nation for their thoughts on the SEC’s effort. As you might imagine, it’s clear Regulation Best Interest has some good points and some not-so-good points.
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Is the DOL’s Defunct Rule a Fiduciary Obi-Wan: More Powerful Dead Than Alive?
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 9/21/18
Fiduciary rights and wrongs and looking at investments they way they used to look at them.