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Warranties and Guarantees Come to the 401(k) Game: Can Insurance Really Put the Client First?
RIABiz 
Aug. 28, 2014
"[I]nsurance on 401(k) plans has long been seen as yet another layer of fees, obfuscation and dubious value in a defined-contribution-plan industry rich in murkiness and the opportunism it provokes. But the get-to-the-point means of outsourcing the legal liability associated with fiduciary care is on the rise because investment management firms -- alive to new legal perils inspired by a re-energized Labor Department -- have begun to offload more of their fiduciary status[.]"
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