Fiduciary issues: Avoid six common mistakes

In the third video in this series, Bruce Ashton of Drinker Biddle & Reath LLP presents Fiduciary Issues: Avoid Six Common Mistakes. He’ll discuss each mistake, explain why it’s problematic and offer strategies to prevent it. Covered topics include:
 

  1. 1. Operating the plan in accordance with its terms
  2. 2. Ensuring compliance
  3. 3. Prudently selecting and monitoring service providers
  4. 4. Prudently selecting and monitoring investments
  5. 5. Distinguishing between fiduciary and “settlor” functions
  6. 6. Avoiding prohibited transactions

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY, and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services.