Politicians want to milk the 401k cash cow, the DOL catches the industry with its pants down and just who does really benefit from the new Fee Disclosure Rule?
Commentary
The Fiduciary Battle reignites while the Fee Wars heat up, investors search for fixed income and states look to dump pensions and go the 401k route.
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.
Mixed reviews on dual IRS/DOL announcement; Surveys indicate 401k plan sponsors might be in for an awful surprise; and, is the Annuity the financial industry equivalent of the Chevy Volt?
This was the week we were all waiting for from the DOL. What we didn’t expect was the surprise from the IRS and the bipartisan agreement from two former SEC chairmen.
The war for the fiduciary begins to shift arenas, we learn the downside of “low-cost” and all indications are the financial industry still hasn’t learned the root cause of the 2008 crisis.
Focus this week on how to lower 401k plan sponsor liability and an early warning on the coming onslaught of poorly written mass media articles on 401k fees.
More bad news for Target Date Fund fans and fans of the Fiduciary Standard, but DOL stands firm on Fee Disclosure Rule timing.
The industry begins to accept the eventual fiduciary rule while rumors swirl on whether the Fee Disclosure Rule will be delayed.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 3/9/12
A sneak peek at the Coming Thing for 401k plans, major plan sponsors dramatically reduce investment options and How do you explain America’s love affair with such a poorly performing 401k option?