The Retirement Plan Industry's Troubling Framework
Fiduciary buyers bear virtually all the legal responsibility, but it's the nonfiduciary sellers that largely control them, argues contributor Scott Simon.
"You mean I won't get on-site access?"
My questioner and I were attending a meeting with a plan sponsor's working group. We were planning how the new recordkeeper--an insurance company that employed the questioner--and my Registered Investment Advisory firm were going to take control from the previous bundled recordkeeper.