Last week’s economic developments created some of the roughest waters yet that plan fiduciaries and their advisors have had to navigate. For those looking for some general fiduciary guidelines, there has been a lot written here about the duties of ERISA plan fiduciaries during the last five years that this blog has been in existence. To find those posts, you can search the archives by entering the word “fiduciaries” in the search tool in the side-bar (or simply click here) and read a collection of posts on various fiduciary topics. However, if you only have time for a couple, I would recommend this post here (having to do with the mutual fund scandals) because the general principles discussed there continue to be useful information for what is happening in the market today. See also this post here which refers to the very important Unisys case (which you can access here) discussed last week in Cynthia Van Bogaert’s Q & A at Benefitslink.com.
Note: As always, please read the disclaimer in the sidebar. The information provided here should never be construed as legal advice. Any legal issues that you have should be reviewed by your legal counsel to apply the law to the particular facts of your situation.