Government Watchdog Finds IRA Fiduciary Oversight 'Lacking'

The GAO found numerous conflicts of interest and recommended the IRS work with the DOL to audit IRA fiduciaries.

Conflicted IRA Advice Widespread as Fiduciaries Lack Oversight ...

Conflicts abound among recommedations to retirement investors, the watchdog found. IRS needs to implement an audit process for IRA fiduciaries ...

Government 'mystery shopper' finds IRA fiduciary oversight is lacking

The Government Accountability Office says that IRA fiduciary oversight is “lacking” and does not adequately protect investors from potential conflicts of ...

GAO Undercover Probe Finds 'Many Complex Conflicts' In Advisor ...

... government watchdog that went undercover to call financial ... IRA fiduciary oversight and the detection of conflicts is lacking, the GAO found.

Clark Flynt-Barr on LinkedIn: Government Watchdog Finds IRA ...

US Government Accountability Office put out a report this week that not surprisingly "found that #fiduciary oversight of individual ...

GAO Finds IRA Fiduciary Oversight Lacking - BISA Portfolio

... Government Accountability Office (GAO). In a report dated July 29 but only made public last week, the GAO said “the interests of financial ...

GAO Finds Conflicts of Interest in Sale of Certain Retirement ...

... federal watchdog is calling on the IRS to heighten oversight of retirement investment advice. ... Fiduciary oversight of IRAs from ...

GAO Undercover Probe Finds 'Many Complex Conflicts' In Advisor ...

... IRAs.” The agency said that IRA fiduciary oversight and the detection of conflicts is lacking across the board. By law, the IRS has sole ...

Government must do more to protect retirees from unfair investment ...

Government must do more to protect retirees from unfair investment practices, watchdog report finds ... IRA fiduciaries, IRA investors may ...

Advisers Giving Back: Shane Hanson | PLANADVISER

Government Watchdog Finds IRA Fiduciary Oversight 'Lacking'. The GAO found numerous conflicts of interest and recommended the IRS work with ...

IRS oversight of IRA conflicts of interest lacking — GAO report

The IRS' fiduciary oversight for individual retirement accounts is lacking, putting investors at risk, according to a Government Accountability Office report.

Ed Slott: IRS' Cure for Conflicts Could 'Wipe Out' IRAs - ThinkAdvisor

The takeaway for advisors from the just-released Government Accoutability Report on IRA conflicts is that “unfortunately, more regulation is on the way.

GAO Wants IRS to Play Bigger Role in Policing Retirement Advice

A government watchdog is calling on the Internal Revenue Service to take a more active role in policing conflicts of interest at firms that provide retirement ...

Retirement Investments: Agencies Can Better Oversee Conflicts of ...

We also found mutual funds that paid financial professionals were associated with lower returns for investors. ... IRA fiduciary oversight lacking ...

Agencies Better at Mitigating Conflicts Between Fiduciaries ... - ASPPA

IRA fiduciary oversight lacking. GAO noted that, by law, the IRS has sole enforcement authority over firms and financial professionals acting as ...

BenefitsLink® Retirement Plans Newsletter for August 29, 2024

Government Watchdog Finds IRA Fiduciary Oversight 'Lacking'. "[The GAO] found ... [3] Fiduciary oversight of IRAs from regulators is not strong enough.

FINANCIAL OVERSIGHT OF ENRON: THE SEC AND PRIVATE ...

Without the ability to rely as extensively on these private watchdogs ... Government agencies have found additional uses for credit ratings. In the ...

NEW: Government Watchdog Report Highlights Importance of ...

... oversight of 403(b) plans and other critical employee benefits ... fiduciary duties and irresponsible administration—in roughly 70 ...

40% of Americans don't understand 401(k) fees, federal watchdog ...

A report by the Government Accountability Office, a congressional watchdog, found many Americans do not understand fees for their 401(k) ...

Conflicts of interest are common in retirement advice, watchdog says

The U.S. Government Accountability Office conducted a nearly four-year study. Here are the key findings from its exhaustive report.