“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 "Ron Rhoades"
State Run Plans DOA? Fiduciary’s Long Goodbye? and Products Trump Investments?
Ron also says to “sunset” BICE, eliminate all conflicts-of-interest, and don’t trust FINRA.
Low fees are no substitute for veteran fiduciary experience.
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?
Ron Rhoades explains how and why we lost the fiduciary standard and why that might be a good thing for bona fide fiduciaries.
What might surprise you the most is how easily the industry will adapt to the new fiduciary guidelines.
The DOL’s new 401k Fee Disclosure Rule, while its effectiveness might be suspect, has empowered plan sponsors.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 12/1/17
New thinking, delay of game, and moving (too far?) ahead.