Worse, those held accountable for the potential damage of the flaw are not these detached organizations, but the professionals implicitly promoting the festering error – regular people ranging from bank trustees hired to guard the interests of beneficiaries to retirement plan sponsors and trustees responsible for protecting their employees.
Tag "SEC"
Second thoughts on the new MEP, a growing (fiduciary) consensus, and the return of a Halloween (fee) nightmare.
MEP Fever and Carly Simon sings “Fiduciary” (to the tune of “Anticipation’).
More regulatory silliness, Son of Fiduciary? and Looking for Mr. Low-Fee Bar.
Clash of the retirement policy titans, scraping the bottom of the (fee) barrel, and why we can’t handle the choice we think we want.
“…the best efforts of those focused on product, not investors, are ultimately doomed to failure.”
“In 5 years, I think investors will be considerably worse off if SEC does go forward with its proposals without substantial change.”
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.
MEPs, Fees, and Leveling the ETF playing field.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 11/9/18
401k past and future, fiduciary conflict, and true portfolios