Legal

When the Director of Investor Protection for the Consumer Federation of America says investors dont respond to fiduciary, whats the alternative?

LIMRA is a big fan of the Employee Benefit Research Institute's proposal to include a lifetime income illustration as part of a defined contribution plan participant's account statement.

Sponsors also face growing liability, with the number of claims against fiduciaries having tripled since the 1990s.

The Consumer Financial Protection Bureau recently took aim at the one area in the investment/insurance world where Dodd-Frank law granted it jurisdiction issues affecting older Americans.

If being a fiduciary is all about building trust, what happens when no one trusts the word fiduciary?

In a reversal of a prior decision, the PBGC has agreed to pay pension benefits to 800 former hospital employees in New Jersey.