Regulatory changes over the years have deeply affected the management of corporate retirement plans. With each major change, the challenge of satisfying the rules becomes more complex for chief financial officers and human resource executives.
A new focus on conflicts of interest stimulated by the U.S. Department of Labor’s proposed Investment Fiduciary Advice: Conflict of Interest Rule has major implications for all ERISA plans.
While the proposed rule did not become law, it drew attention to the pervasive nature of vendors’ conflicts of interest. How will it affect your fiduciary practices?
The Chief Operating Officer for Roland|Criss is Ron W. Hagan. In this brief but information loaded video, Ron reveals what’s behind the Department of Labor’s push for a conflict of interest rule, what it was intended to accomplish, and how its influence will affect retirement plan sponsors.
