Industry veteran identifies the most critical issue facing employers today and plan sponsors’ job #1.
Interviews
“Advisors who don’t assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role.”
Exclusive Interview (Part III): Phil Chiricotti Offers Surprising Comments on the Fiduciary Standard
“ERISA needs a statutory fix… or [we need] a DOL that employers can trust.”
The Dean of the financial service industry speaks out on robo-advisors, consumer confusion, and the “You” test.
“Advisers should be very scared of being implicated in the lawsuits that will happen.”
“In the future, people will look back on today’s era with wonder and astonishment, finding it hard to believe there once was a time when the standard was not applied – just as people today look back at racial segregation, women’s suffrage and similar eras.”
A leader of the field pulls no punches.
The headlines may highlight “High Fees,” but the authors really want to change the court’s view of “fiduciary.”
The DOL might get all the press, but the IRS has played – and continues to play – a significant role in the evolution of the 401k.
