The Biden Rule, like the Trump Rule, does not encourage or discourage the use of ESG criteria when selecting investments. This allows fiduciaries to either adopt ESG principles or ignore them.
Tag "Harold Evensky"
By far, there’s almost universal agreement that 401k fiduciaries should be less concerned about investment performance than you might have seen a generation ago. Why is this so?
Not only do you need to watch the place that holds all the money, you need to watch the pipeline that feeds the money there.
“I was [once] a major skeptic of the use of annuities, I have subsequently changed my mind regarding the efficacy of low-cost fixed and variable annuities in both personal and retirement accounts.”
What would it take to realize the fiduciary liability of overtly using “risk tolerance” metrics? And what can 401k plan sponsors do about it?
State-run backlash, fiduciaries on a pinhead, and still misunderstanding fees.
Reg changes, Robo-Fiduciary, and Investment Wisdom.
Ron also says to “sunset” BICE, eliminate all conflicts-of-interest, and don’t trust FINRA.
Final Fiduciary Thoughts For 2022 And What To Expect (Or Not) In 2023
. As we head towards our year-end hiatus, are you ready to take the dive into raw, unedited comments from those who serve or are served by the retirement industry?