Although we’ve seen a broader acceptance of using an IPS, their use is by no means universal and particularly lacking among smaller employers. Perhaps there’s a realization that, if you don’t get the IPS right, you’ll only increase your liability.
Tag "Marcia Wagner"
Still, if one has confidence the marketplace will drive the industry towards focusing on the best interests of clients, then a de facto fiduciary standard can emerge organically, without overt reliance on regulators.
In the final analysis, we may get the best of both worlds, a reduced regulatory compliance burden with a market that imposes the fiduciary standard.
Any regulation that requires 10 pages of explanation for every page of regulation is bound to have something good, something not-quite-good-enough, and something not-so-good.
The DOL is poised to endorse the continued use of the very fees it claims are costing retirement savers billions per year.
Just because something is measurable doesn’t mean it’s relevant.
Long viewed as stand-alone and separate benefits, smarter plan sponsors are now viewing 401k/HSA combination as a single broad integrated solution.
Hit, Miss or Backfire? Controversial Ayres/Curtis 401k Fee Paper Claims Broad-Based Fiduciary Breach
Can a Swiss Cheese argument add any value to solving important issues that really exist?
“I see the greatest exposure in not being clear as to what the fees are and what they are for.”
