Social Sciences and the Law

What are the requirements for a fiduciary?

Link to this answer

CloseClose

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://qanda.encyclopedia.com/question/requirements-fiduciary-152545.html" >What are the requirements for a fiduciary?</a>
E-mail this answer Link to this answer

In discharging a trust, the fiduciary must be absolutely open and fair. Certain business methods that would be acceptable between independent parties dealing with one another "at arm's length" may expose a fiduciary to liability for having abused a position of trust.

Answer verified with
Get more facts and information about fiduciary . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: What business methods are acceptable for a fiduciary? How must a fiduciary discharge his trust? [ Hide these questions ]

Related research questions

Related research articles

Understanding ERISA's safe-harbor requirements.(Fiduciary Corner)
Magazine article from: Investment News ...the sponsor. However, a fiduciary choosing not to seek an...decisions and acts. The fiduciary should think of safe...harbors available to plan fiduciaries: The committee-directed...known as 404(c). The fiduciary-adviser safe harbor...harbor requirements. These requirements would not ...
DOL proposes exemptions to Harris Trust ruling. (Department of Labor; insurance...
Magazine article from: National Underwriter Life & Health-Financial Services Edition ...a limited exemption from fiduciary requirements under the employee Retirement...if this would violate the fiduciary standards of ERISA solely...department are subject to a requirement that a plan's participation...account. In imposing this requirement, the department noted that...
Insurance-affiliated brokers face major changes under Obama plan; Fiduciary...
Magazine article from: Investment News ...regulatory reforms force them to act as fiduciaries. If the proposal to require broker...that offer investment advice to act as fiduciaries is enacted, it will likely upend the...The current industry definition of "fiduciary' is to put the client's needs first...insurers' conflict in adjusting to a ...
Trustees need fiduciary education; ERISA has no requirement for trustees'...
Magazine article from: Pensions & Investments ...There is absolutely no requirement that trustees responsible...training with regard to fiduciary responsibility or managing...relevant training in their fiduciary obligations and the investment...in the end, for their fiduciaries as well. Jeffrey DuFour...principal areas: investment ...
Lawyers fear service providers may be made fiduciaries; Disclosure standards...
Magazine article from: Investment News ...not currently held to a fiduciary's strict disclosure and...service providers to be fiduciaries, however, the companies...Saxon said. "You become a fiduciary with respect to everything...providers should be considered fiduciaries, Mr. Saxon said. "That...greatly increase disclosure ...
See all results at HighBeam

HighBeam gives you access to newspaper, magazine, and trade journal articles plus press releases, facts, information, and biographies from thousands of sources.