Browsing Tag
Fiduciary
613 posts
Being a fiduciary means acting on behalf of another person or entity and having a legal and ethical obligation to put their interests above your own. Essentially, a fiduciary is entrusted with the responsibility to make decisions and manage assets in a way that benefits their client, not themselves. This relationship is built on trust and confidence, requiring the fiduciary to act with utmost good faith, care, and loyalty.
Calls Quickly Grow to Kill 401(k) Fiduciary Fiat
Momentum is heading in one direction, but whether it will be enough is yet to be seen. Rep. Jeb…
Manning & Napier Launches ‘Evolutionary Fiduciary’ Campaign
401k advisors certainly have their pick when choosing the resources to deal with the DOL’s fiduciary rule. Manning…
Decision Announced in NAFA’s 401(k) Fiduciary Court Challenge
“The Court will deny NAFA’s motions for a preliminary injunction and summary judgment.” With that, U.S. District Judge…
Bank Giant Enters 401k 3(38), 3(21) Fiduciary Fray
Get used to hearing about three numbers—3(38), 3(21) and 3(16)—and the need to outsource 401(k) fiduciary responsibility. Investment giant PNC…
Half of IRA Rollover Assets ‘At-Risk’ Post-DOL Fiduciary Rule
The DOL’s fiduciary rule will lead to fewer rollovers from 401(k)s. However, the influence of existing advisor relationships,…
Chevron Beats Schlichter in 401(k) Fee Lawsuit
Score one for the little guy, who in this case is Big Oil. In a possible sign of…
Empower Sued for Another Company’s 401(k) Mistake?
Safeway’s got some rotten produce—at least according to one of its 401(k) plan participants. In a clear example…
How the Candidates View the 401(k) Fiduciary Rule
DOL fiduciary rule faces political battles as Republicans oppose costs while Democrats push for stronger investor protections.
401(k) Float: The Next Tort Lawsuit Target
Fidelity 401(k) float practices are challenged in lawsuits alleging ERISA violations and improper interest retention.
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ICI Slams DOL’s Final Rule on State-Run Retirement Programs
Responding to an apparent case of “good for thee, but not for me,” the Investment Company Institute (ICI)…