What happened while you were taking Labor Day week off – whether to see the beach or to catch up on your busy workload?
Commentary
From the Edsel of the mutual fund industry to the “do they really expect us to believe this” of the Fiduciary Standard war to a series of decisions in fiduciary lawsuits, discover the past weeks trending topics.
Too busy for last week’s news? Here’s a quick synopsis of the major news events and trends impacting the ERISA plan fiduciary.
While the passage of Health Care Reform muted the market’s momentum in late March, the Goldman Sachs hearings proved the turning point. The folks on Main Street just lost 10% of their retirement savings in less than a month. You can’t blame Wall Street for that.
Has index investing become the soma of savers? Does it place employees – and the markets – in harm’s way? By extension, has the 401k fiduciary now assumed a greater liability?
The market boomerang has allowed many 401k participants to recover most, though not quite all, of their losses. A recent study cites three primary factors for this recovery.
The year started poorly for investors, financiers and capitalists. At the nadir of the markets in March of 2009, it appeared the world they had known had ended. But, then, something happened, reminding us all that yes, Annie, the sun will come up tomorrow.
Unless and until we can break the momentum of intertwined conflicts-of-interest, the greatest legacy we’ll leave our grandchildren’s children may be an outstanding bill to pay for spiraling public employee retirement benefits.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 9/17/10
Find out what big PR push a certain sector of the financial industry started this week. Here’s a hint: You can thank Washington.