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Tag "Fiduciary Standard"
Whether you’re a plan sponsor of a defined contribution plan like a 401k or a defined benefit plan, this past week contained news you could use – or at least have on your radar.
Since no individual 401k plan sponsors seem interested in testifying at a hearing about an issue intended to protect them, we’ve provided three possible outcomes from the DOL Fiduciary hearings and their implications for 401k plan sponsors.
This week say more positioning on the fiduciary standard, the return of the annuity debate, continued heckling of 401k plans and some important regulatory news.Target d
Thus were lines drawn in the sand. We’re left to wonder if the tide of time will wash away those lines or merely wash away the sense of urgency for a uniform fiduciary standard.
Last week we saw some grand positioning in the coming battle for the Fiduciary Standard. What’s it all about? We’ll tell you bluntly.
It really doesn’t appear the SEC is serious about the fiduciary standard. It seems more interested in using it as a pawn in a looming partisan fight. Where does this leave the proponents of the fiduciary standard? What other alternatives do they have?
One the dust settled, the rejoicing stopped and outright concern rose. Perhaps the Republicans on the SEC Commission were right, albeit for the wrong reasons.
Was the initial euphoria of proponents of the Fiduciary Standard premature? Read the fine print of the SEC report here and decide for yourself.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 3/11/11
This week sees more on the part of the BD industry trying to pit the DOL against the SEC, the revelation of an interesting “opt-out” feature in the new DOL financial definition that may invalidate the entire effort and a surprise response from the SEC.