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Does the Best Interest Standard Require ‘Best Investment’?

By NTSA Net Staff • January 22, 2018 • 0 Comments
In MarketBeat, we look at a discussion by ERISA attorney Fred Reish concerning what he terms “another mistaken belief” about the fiduciary regulation. Reish explains that under that regulation, and the transition Best Interest Contract Exemption (BIC) — which has been in effect since June 9, 2017 — when an advisor gives conflicted advice to IRAs, plans or participants, the advisor must adhere to the Impartial Conduct Standards, and what that means.

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