Featured Jobs
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BPAS
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Nova 401(k) Associates
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The Pension Source
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Defined Benefit Specialist II or III Nova 401(k) Associates
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DWC ERISA Consultants LLC
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Merkley Retirement Consultants
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BPAS
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July Business Services
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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EPIC RPS
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Compensation Strategies Group, Ltd.
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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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5 Matching News Items |
| 1. |
Pandamensional Solutions, Inc.
May 5, 2010
Excerpt: The DOL's draft Investment Advice Rule ... states investment advice should emphasize fees over past investment performance. Unfortunately, the draft does not distinguish between fees that matter and fees that shouldn't matter.
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| 2. |
Pandamensional Solutions, Inc.
Apr. 7, 2010
"Did you know the [DOL's] proposed Investment Advice Rule may increase a 401k plan sponsor's fiduciary liability? If a plan enters into a prohibited relationship with a vendor -- or if an existing relationship now becomes prohibited -- fiduciary liability rises.... Can the 401k fiduciary afford to ignore these critical issues?"
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| 3. |
Pandamensional Solutions, Inc.
Apr. 7, 2010
"The Rule 'bans' conflicts-of-interest -- advisers can no longer direct plan participants to investments in which the adviser has a pecuniary interest ... Well, upon reading the fine print, it doesn't really ban conflicts-of-interest, but it does discourage them. The DOL will continue to offer an exemption on prohibited transactions by advisers if those advisers employ a fee-level arrangement and use a computer model ? i.e., one regularly audited to insure it contains no bias ? to proffer advice."
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| 4. |
Pandamensional Solutions, Inc.
Mar. 31, 2010
"[I]n a unanimous opinion, the Supreme Court offered a mixed ruling on the Jones v. Harris mutual fund fee case. (Click here for the ruling.) On one hand, it reversed the dismissal of the case by the Seventh Circuit Court. On the other, it ruled the Seventh Circuit Court of Appeals must use the Gartenberg standard."
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| 5. |
Pandamensional Solutions, Inc.
Feb. 4, 2010
"This perfect storm of a product eliminates the conflict-of-interest problem wrought forth by12b-1 fees, offers virtual mutual funds you can trade anytime during the day (no more waiting until 4:00pm!) and has the allure of low cost. Who could ask for anything more! Sometimes something that appears too good to be true really is. Professionals have long known the potential pitfalls of ETFs. Only recently have these facts become more widely known."
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