The topsy-turvy 2009 provided some of the biggest fiduciary stories in years. Which do you think rates as the most important?
Commentary
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.
If trawling litigators seek to influence friendly juries in any case against an ERISA/401k fiduciary, the Time article offers a very good starting point…And ill-prepared fiduciaries should be shaking in their boots.
Readers Select Top Fiduciary Stories of 2009: #10 The Death of the 401k
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.