Are LPOAs enough to end the confusion? Maybe not. But they do provide the legal basis for which one can substantiate the reality of a fiduciary relationship.
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Fiduciary Scorecard: SEC down and DOL out; 12b-1 matters; and TDFs might not (in the way you think they do)
The definition of “conflict-of-interest” has become so broadly defined as to render it useless. It’s better to focus on the one conflict-of-interest that, with very limited exceptions, fiduciaries have had to outright ban for centuries. Ironically, in contrast to this precedent, it remains the one conflict-of-interest the DOL expressly permits.
Lotta regulator noise, fiduciary fallout, and DOL comes clean on “social” investing.
The controversial and decidedly partisan report not only took aim at the policies of the current administration, it entered into the passive/active debate by solely targeting actively managed funds. Worse, the report reveals a rather naïve understanding of mutual funds and investing.
SEC punts fiduciary, fees aren’t everything, and old time investing.
One of the nation’s top ERISA attorneys tells us even if the Fiduciary Duty is dead, it’s not. The only question is which part will remain alive and which part with wither on the vine. Fred Reish has an idea, and he tells us here.
Compliance hurts, the fiduciary cavalry? and the wrong target
If you own a business, waiting until the last minute to reduce taxes limits your options. You still have some, though. Here they are.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/11/18
Policy incentives, fiduciary confusion, and the fee disclosure shell game.