Any regulation that requires 10 pages of explanation for every page of regulation is bound to have something good, something not-quite-good-enough, and something not-so-good.
Don’t be surprised if this collective wisdom confirms certain instincts you have always possessed, drives a stake in the heart of a myth you’ve long embraced, and opens your mind to an idea you’ve never thought to consider.
Pension Ponzi redux, Fiduciary feud growing louder, and the sudden rediscovery of the evils of 12b-1 fees.
Things in the news aren’t as they seem, but that doesn’t mean they’re not as they seem.
Just because something is measurable doesn’t mean it’s relevant.
“Advisors who don’t assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role.”
“High” fees are not necessarily “bad” fees, and plan sponsors who don’t know why this is so may be in for some trouble.
It’s an answer everyone is searching for – and it just might surprise you.