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Investment advice

August 21, 2017

Manager Changes and the Investment Policy Statement

The rigors of the fiduciary duty can lead plan sponsors to overreact to fund manager changes in the interest of maintaining an atmosphere of proactivity with respect to the investment policy statement. 

July 24, 2017

Trustee Ordered to Sell Real Estate to Replay Plan

A federal district court ordered a profit-sharing plan trustee to sell personal real estate to meet restitution requirements, after the trustee failed to ensure proper diversification and liquidity of plan assets.

June 30, 2017

DOL Requesting Public Comment About Fiduciary Rule

The request for information asks whether the BICE and PTEs should be delayed further and whether new streamlined exemptions could be probable given innovations in the industry since the fiduciary rule was proposed.