| Mutual fund companies are fiduciaries, meaning their top priority is to fulfill their responsibilities to others, not satisfy their own needs. |
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| Lawyers and trustees have statutory and other legal obligations but are still fiduciaries. |
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| This ensures that trustees and fiduciaries are financially disinterested in carrying out their duties. |
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| While this may be true, it is clear that our Courts have moved forward in expanding the law governing fiduciaries. |
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| Equity, which imposed obligations on trustees and fiduciaries, was always a separate entity. |
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| It is entitled to compel the faithless fiduciaries to answer for their default according to their gain. |
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| In this section we discuss two further equitable rules, which the courts have developed for fiduciaries and which they have applied to directors. |
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| Responsibilities of investment fiduciaries have been brought to the forefront by recent misfeasance and malfeasance in the investment community. |
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| In traditional language, fiduciaries must make full disclosure and obtain the informed consent of their beneficiaries to their acting inconsistently with their duties. |
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| Plan fiduciaries must understand the fee structure of the plan and demand full disclosure of compensation received directly or indirectly by service providers. |
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| He distinguished duties, such as the duty of care, which, though owed by fiduciaries, are no different in principle than equivalent duties in common law. |
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| As part of the campaign, the AICPA will participate in a series of DOL seminars designed to educate small business plan sponsors and other fiduciaries about their obligations. |
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| When the employee died and the life insurance company denied coverage due to failure to pay life insurance premiums, the estate sued the fiduciaries of the plan. |
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| In addition, if your organization administers other employee benefit plans those individuals with administrative duties may be fiduciaries as well. |
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| The AJCA expatriation rules give tax advisers and fiduciaries more standards to measure the control test as a result of new, information return filing requirements. |
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