“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 "DB"
State pension implosion, a regulation without teeth, and the fee-value correlation.
“Fiduciary” means “Forever,” you can’t take back “Forever” and risk takers/followers.
DC/DB confusion, the real fiduciary issue and a fee fight breaks out.
Washington attacks 401k plans as states move to convert DB plans to DC plans, fiduciary advocates take off the gloves, annuities replace TDFs as favorite whipping boy and more.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 12/29/17
Foreign Collusion, SEC Skeptics, and Investment Fads.