Topics to be Discussed in this Three Part Fiduciary Education Series:
Part 1: The New Fiduciary World: Regulation and Litigation Trends
Wednesday, January 18, 2017 | 10:00 a.m. – 11:00 a.m.
Part 2: Benchmarking: Doing Your Fiduciary Due Diligence
Wednesday, January 25, 2017 | 10:00 a.m. – 11:00 a.m.
Part 3: The New Fiduciary Regulation: What Sponsors Need to Know Moving Forward, Trumps Possible Effect
Wednesday, January 31, 2017 | 10:30 a.m. – 11:30 a.m.
- “Under ERISA and the Code, if these advisers are not fiduciaries, they may operate with conflicts of interest that they need not disclose and have limited liability under federal pension law for any harms resulting from the advice they provide.”
- “Having your investment adviser be a fiduciary is important because, under the Department’s regulatory package, it means that they are required to give you advice that is in your best interest, not their own.”
- “Disclosure alone has proven ineffective to mitigate conflicts in advice.”
- “A disclosure regime, standing alone, would not obviate conflicts of interest in investment advice . . .”
- “[S]mall business sponsors of small plans are more like retail investors compared to large companies that often have financial departments and staff dedicated to running the company’s employee benefit plans;”
- “Recommendations to retail investors and small plan providers are routinely presented as advice, consulting, or financial planning services.”
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