Charles Field
Self-Dealing Ban Eliminates Greatest Fiduciary Conflict-of-Interest
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.
Exclusive Interview with Charles Field: Less Restrictive Open 401k MEPs Relieve Some Burdens for Smaller Employers
“We have reached a watershed moment for retirement planning and saving.”
What’s the Immediate Impact of the DOL Fiduciary Rule on 401k Plan Sponsors?
“Hopefully,” says Reese, “this past year gave employers a better understanding of what they need to look out for to act as fiduciaries for their plan participants.”
DOL Fiduciary Rule’s Conflict-of-Interest Split Personality
The DOL’s new Rule both discourages and permits continued conflicts-of-interest.
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