The pendulum again swings in favor of the fiduciary standard as the DOL threatens to come after service providers regarding questionable fees. In the meantime, the battle between Modern Portfolio Theory and Behavioral-based solutions gets hotter.
Commentary
Last week seemed a lot like 1968,… and not because mindless protesters were making the news.
Will this be known as the week we lost the fiduciary standard?
Has the SEC screwed the pooch regarding the uniform fiduciary standard? Will the same politics infect the DOL’s proposed Fiduciary Rule and Fee Disclosure Rule?
A Play-by-Play citing media articles throughout the year showing how SEC Chair Mary Schapiro misplayed her strategy to hold the fiduciary standard hostage for more Congressional money.
Will the fiduciary standard go down with Obama? Will they finally pay attention to the 401k Fee ticking time bomb? And, when will they ever learn?
As the fight shift from adopting a fiduciary standard to redefining “fiduciary,” we learn the fee-counters might be counting the chickens before they’re hatched.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 10/28/11
Even as the noose tightens on 401k fees, the DOL increases fiduciary liability with its new Investment Advice Rule. And, just what is going on at Ameriprise?