“Industry participants also argue that the rule transforms one-off transactions into fiduciary relationships in violation of the common law, but the common law of the states is divided on this, and there is a need for a federal standard regulating investment advice fiduciaries.”
Tag "Collective Investment Trust"
CITs can only be offered within the confines of a trust relationship. That means the plan itself might be structurally different than one that has an investment menu limited to mutual funds.
Today, in reading some of the headlines, you’d think they’re greater than sliced bread. They may be. They may not be. Still, there are differences, and 401k plans sponsors would benefit from practicing the utmost in due diligence when determining if CITs are the right fit for their plan.
If you’re a fiduciary and you haven’t ask this question, you might want to read this before you make your next decision.
Evolving Retirement Savings vehicles, Beware the Fiduciary Paper Tiger, and The Magician’s (Fee) Secret.
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State-Run Mayhem, Fiduciary Second Thoughts, and Honest Investment Warnings.
Policy Insanity, Now the Real Fiduciary Questions, and Back to Investing Basics
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FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 3/24/17
Gov FUBAR, a new Fiduciary battlefield, and imagine a world without 12b-1 or revenue sharing fees…