FYI: The Department of Labor fiduciary rule is causing retirement plan advisors to take a closer look at target-date funds, says Brendan McCarthy, a managing director at Nuveen.
“There is a heightened awareness of fiduciary duties and of the possibility of lawsuits for excessive fees that is causing plan advisors to take a new look at target-date funds used in retirement plans,” says McCarthy, who is Nuveen’s Defined Contribution Investment Only head of national sales.
Regards,
Ted
https://www.fa-mag.com/news/target-date-funds-getting-renewed-scrutiny-34589.html?print
