Christopher Carosa, CTFA posted an update in the group Compliance 9 years, 1 month ago
Has the DOL sufficiently defined “best interests” under its new proposal? – Or are we going to have to wait for the courts to decide? The DOL is saying let the courts decide. Is that really in the best interests of, well, anyone?
[bpfb_link url=’http://fiduciarynews.com/2015/05/what-does-retirement-plan-best-interests-really-mean-for-the-401k-and-ira-fiduciary/’ title=’
What does Retirement Plan “Best Interests” Really Mean for the 401k and IRA Fiduciary? | FiduciaryNews ‘ image=’http://fiduciarynews.com/wp-content/uploads/2015/05/977599_37575567_broccoli_stock_xchng_royalty_free_300.jpg’]There are good examples of “best interests” and bad examples of “best interests,” but the ugly truth is we won’t know the practical definition of “best interests” until the courts decide.[/bpfb_link]
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