Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Best Interest Standard Will Benefit Target Date Fund Beneficiaries (PDF)
Target Date Solutions [Opinion] May 25, 2017 "The Hippocratic Oath of TDFs should be 'First, lose no beneficiary's money' ... Under a Best Interest Standard, fiduciaries will shop for prudence because it is best for beneficiaries, especially for doing no harm. This will improve the current situation for beneficiaries. The current data shows that the top 10 TDF managers are not the most prudent.... Target date funds should be bought, not sold. With $1.5 trillion in TDFs, the stakes are much higher today than they were in 2008 when TDFs were $150 billion[.]" |
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