A PLANADVISER readers asks, “I understand that if my firm
and I have level compensation and don’t have any conflicts of interest in
providing fiduciary investment advice to IRAs, the only compensation rule is
that the amount must be reasonable. But what if my firm has conflicts of
interest and I’m under the Best Interest Contract exemption? What are the rules
about my compensation in that case?”
When asked what they think will be the most significant
growth area for their practice over the next 12 months, the biggest increase
was seen in fiduciary services, cited by 46% of advisers—up from 36% last year.
The annual PLANSPONSOR/Janus Capital Group defined
contribution investment study saw a focus on managing fees for the 2016 year,
marking a shift from the focus on fiduciary risks and duties that dominated
plan sponsors’ worries in the past.