Compensation Strategies Group, Ltd.
The Retirement Plan Company (TRPC)/an ABG firm
Atlantic Pension Services Inc
Creative Pension Consultants, Inc.
Nicholas Pension Consultants
Nova 401(k) Associates
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|Dissecting TIAA Subsidiary's $97 Million SEC Rollover Settlement|
John Manganaro, in planadviser
July 19, 2021
"TIAA has agreed to further significant internal reforms, including subjecting all rollover recommendations to a strict fiduciary standard; eliminating differential compensation for sales of managed accounts; eliminating or fully disclosing other adviser conflicts of interests related to recommending managed accounts; using plain language to disclose when advisers are not acting as fiduciaries; and training advisers to offer a fair comparison between managed accounts and employer-sponsored plans."
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