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DOL Transcript Shows a True Fiduciary Friend as Phyllis Borzi Brooks No Bull
Several early reports suggested the DOL appeared ready to compromise their fiduciary principles by harmonizing with other agencies. The transcript reveals a surprising reality.
Transcript of Phyllis Borzi’s Opening Remarks at March Fiduciary Hearings
For all the public comments offered at the DOL’s Public Hearing on the definition of the Definition of Fiduciary, perhaps the most important statement was the one offered by Assistant Secretary to open the hearings.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 4/1/11
In a week where the new Form ADV became official, we discovered it can increase fiduciary liability for 401k plan sponsors for the same reason it is supposed to help them. In the meantime, the fiduciary finger now points squarely at brokers alone, plus more news on pensions and Target Date Funds.
How Will New ADV Part 2 Help (or Hurt) 401k Plan Sponsors?
The SEC’s new Form ADV Part 2 makes it harder for 401k Plan Sponsors to feign ignorance when it comes to conflicts of interest.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 3/25/11
A day in the life of a fiduciary, from a foreboding dawn, to the doom of high noon, to the sun setting on an old friend, to the restless night. What a week it’s been.
Two New Studies Suggest 401k Alive, Well and Working!
What has the average 401k participant’s account accomplished that neither public employee pensions nor several major college endowments have?
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 3/18/11
Just as the problems with Target Date Funds go mainstream, the GAO asks the DOL to look into disclosure rules that could torpedo annuities in 401k plans. Oh, and the House calls the SEC’s bluff.
DOL Detractor Reveals Due Diligence Secret to 401k Plan Sponsors
You’d trust someone who had your interests at heart. Would you give your trust to someone who didn’t? How can you tell if someone places your interests first?
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