Jim Watkins’ recent article on fiduciary prudence protocols is one of the best practical guides I have seen for investment committees. It is written as a roadmap for plan sponsors who genuinely want to satisfy ERISA’s prudence requirements before selecting an investment. As I read it, however, I kept thinking about the more than forty … Continue reading Jim Watkins’ Fiduciary Protocols Expose the Real Problem with Fixed Annuities -a Prohibited Transaction