ERISA Fiduciaries Beware Risk Is More Than a Four-Letter Word
Susan M. Mangiero
PROBATE& PROPERTY MAY/JUNE 2005 65 These are tough times for ERISA fiduciaries. The halcyyo days of comfortable returns and simple asset allocations are long gone, replaced with a need for more oversight than ever before. Changing demographics, accounting issues, and anemic financial market returns present problems for private and public plans alike. Yet ERISA fiduciaries find themselves in the unhappy position of explaining losses to impatient shareholders, still reeling from a slew of mammoth...