Tag: fiduciary rule
Retirement Savers Should Be Protected Against Costly Financial Advice – Especially for Rollover IRAs
But courts block effort to curtail conflicts of interest. In October 2023, President Biden announced that the Department of Labor (DOL) would propose a new rule to protect people saving for retirement against conflicted advice. Under the current state of play, DOL regulations regarding advice to employer-sponsored plans are governed by ERISA’s fiduciary rule, whic…
The product is too opaque for most fiduciaries to perform robust due diligence. Having recently argued that Bitcoin does not belong in 401(k) plans, a reporter asked me my view regarding private equity. While private equity – unlike Bitcoin – passes the threshold test under ERISA of being a generally acceptable asset class to a…
