Fiduciary concerns ranked high on the list of hot topics at this week’s American Society of Pension Professionals and Actuaries annual summit in Las Vegas, Nevada.
The Department of Labor held hearings last week on its proposal to modify the definition of the term “fiduciary” under ERISA, essentially broadening the definition. The Securities and Exchange Commission, meanwhile, released a staff report in January recommending a uniform fiduciary standard for broker-dealers and investment advisers.
