With Congress in recess, the anti-fiduciary lobbyists have moved to major media outlets. Meanwhile, we’re continually discovering government regulation too often produces Rube Goldberg fiascos like target-date funds.
Commentary
As economic news overshadows regulatory news, questions arise if the same political malaise eroding markets will soon also infect any possibility of moving forward with leveling the playing field on the regulatory front.
As the lobbyists get their Congressional minions to put the heat up on the DOL, a recent spat of investment articles accidentally show the need for a true fiduciary standard.
After two weeks in the Old Country, the Old Contributing Editor would prefer to have the jet lag wear off before putting pen to paper (or is it fingertip to keyboard?).
What’s an article look like when the editor is off discovering his roots in the Old Country?
You’d never guess what editors come up with on a short holiday week.
It’s a tale of two regulators. One wants to play politics while the other wants to accomplish something. Meanwhile, ETFs continue to get mixed reviews.
Do you get the feeling a this fee talk is just sleight-of-hand? There are so many fees, no wonder why investors are confused between the fees that matter and the fees that don’t matter.
This week we learn to ask the question: “If the regulators don’t care, why should the investors?” Which is like saying “If the police don’t care, why should the victims?” On a brighter note, John Bogle isn’t happy he’s been proven wrong.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 8/19/11
Read the fallout from the mass market media op-eds that take opposite sides in the fiduciary standard debate while both taking flack from just one side – those in favor of the fiduciary standard.