It is this latter case that may expose the unsuspecting fiduciary to greater liability. ERISA plan sponsors interested in reducing their fiduciary liability must stay up-to-date on these developments.
Basic Members
The race is on between finding an adequate solution for TDFs and one sudden market cataclysm that spurs a slew of fiduciary liability lawsuits.
While one might ask why it took this product 50 years to become popular, a better question might be why had the product failed to spark much interest during those decades.
These vast unknowns inherent with Target Date Funds have perhaps created a new fiduciary liability where none previously existed.
“I selected the Target Date Funds to reduce my fiduciary liability. Are you telling me this actually raises my fiduciary liability?” The panel merely looked at each other and laughed.
What happened while you were taking Labor Day week off – whether to see the beach or to catch up on your busy workload?
With all the bad investment news in the media, have plan sponsors neglected this positive development?
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.
I wish we’d spend a tenth of the time we spend indoctrinating our kids about drug use and sex helping them understand the basics of money and investing.
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.