Awareness--and concern--about the impact of DC provider conflicted service models continues to gain visibility.
Concern about plan providers and the risks of conflicted service models continues to gain visibility. Specifically:
• Investment News has published an article by RetireAware’s Dan Alexander and Allen Steinberg, discussing the risks posed by conflicted service models –and increasing sensitivity to these risks. Investment News is the leading provider of news, data, research and events for financial advisors.
• RetireAware’s Dan Alexander recently presented at the national conference of the National Association of Government Defined Contribution Administrators (NAGDCA), discussing fiduciary due diligence and best practices. NAGDCA is the premier provider of education, information and training for government sponsored DC plans.
The reception to the article and speech indicates that plan fiduciaries are becoming increasingly aware of the risks posed by these conflicted service providers.