When retirement industry professionals talk about the impact of the 2006 Pension Protection Act, you might be surprised that this is what they conclude.
Tag "fiduciary"
The Tax Cuts and Jobs Act preserved the sanctity of the treasured retirement contribution deduction – it even made it more important – but it also did a few things that might surprise some business owners.
Retirement policy freak out, fiduciary rumbles, and “She Loves Fees” (yeah, yeah, yeah).
Why are financial professionals more likely to embrace behavioral finance and how can this help the average investor?
A good fiduciary needs to see through the hype and base decisions solely on matters of import. This isn’t as easy as it sounds. For one thing, hype, like humor, works because it’s based on truth. This mantle of credibility is just enough to lead the fiduciary astray.
The need for 401k plan sponsors to increase their focus on their fiduciary duties and, specifically, execute strategies with can reduce their fiduciary liability, arises from this New Fiduciary Era in which we find ourselves. Fortunately, the path to implementing these strategies is well worn. It should be easy to accomplish.










FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 3/8/19
The states go marching on, fee posse grows, and “Too Good to be True”