401k plan sponsors can’t afford to fall victim to the lure of heuristics. Index funds can generate just as much fiduciary headaches as actively managed funds.
Tag "Martin Smith"
As bad a some industry players are, it’s always caveat emptor. Both plan sponsors, in their role as fiduciaries, and 401k investors must assume personal responsible and be accountable for their own retirement.
In choosing ratings points over debate points, Smith sacrificed the logic of the straight-forward for the pyrotechnics of a religious argument, and, in doing so, lost credibility with that portion of his audience that knew better.
In that drive for ratings points, producers often – willingly or unwillingly – must make a pact with the devil.
If they only stayed on the straight and narrow path, they would have proved their point.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 5/3/13
A rising market leads to sunshine, happiness and the comforting feeling that everything will be all right. Read this if you’re not fooled into complacency.