“Perhaps the continued confusion can be expected given that the term ‘best interest’ is not defined in Reg BI and the word ‘fiduciary’ is not used in defining the new standard. It makes it harder to understand.”
Tag "Harmonization"
Prolific ERISA attorney shares his views on the DOL’s Fiduciary Rule and the direction the industry is headed in.
“This uncertainty can be very challenging for plan sponsors. If I have to give some basic words of advice to plan sponsors, I simply say ‘stop and take a breath.’”
Would you trust the state with your 401k? Proof Fee Disclosure Failed and the Fiduciary battle rages on.
Eastwooding 401k fee disclosure, the folly of fiduciary harmonization and “Why are we still talking about investments?”
Is the call for “harmonizing” the SEC and DOL versions of the fiduciary standard merely a ruse to thwart the entire effort?
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 7/5/13
Big Government = Big Mess; How it fails as a fiduciary; The Biggest Blockbuster Flop from the Summer of 2012 (no typo) and what Socrates can teach us about investment theory.