Often, their interest conflicts with that of some classes of investor.
And they are affected by conflicts of interest without knowing that conflicts of interest affect them.
Those conflicts, at a minimum, would give the appearance of conflicts of interest if not be actual conflicts of interest.
FORBES: GAO Blames Regulators For Faulty Foreclosure Reviews But That's Not The Whole Story
In 2007 the GAO issued its report which analyzed the financial returns of pension plans assisted by 11 consultants that disclosed conflicts of interest and of plans assisted by 13 consultants who had material conflicts of interest that they did not disclose.
What are we really concerned about when we speak of risks related to consultant conflicts of interest and do these conflicts result in actual harm to pensions?
FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)
Experimental evidence suggests that decision makers often ignore conflicts of interest, even when such conflicts are prominently disclosed (Cain et al. 2005).
FORBES: Do Inefficient Stock Markets Drive Bad Corporate Governance?
The Commission found conflicts of interest were pervasive throughout this industry and disclosure of these conflicts was abysmal.
FORBES: Freakonomics: The Hidden Side of Managing Money ( September 2, 2005 )
In summary, the Commission found conflicts of interest were pervasive throughout this industry and disclosure of these conflicts was abysmal.
We share a common interest in resolving conflicts that prolong human suffering and threaten to tear whole regions asunder.
WHITEHOUSE: President Obama Addresses the British Parliament
However behind the scenes product peddling financial firms with large salesforces have been lobbying hard to make sure that the fiduciary rule, which would require your stock broker to act your best interest and disclose conflicts, is either watered down or eliminated from the final legislation.
Not only did the agency confirm that conflicts of interest involving pension consultants are pervasive, involving trillions in assets under advisement, and that these conflicts result in billions in damages, but the report went on to point out that neither the SEC, DOL nor PBGC is focused upon pursuing these conflicts that detrimentally impact pension performance.
Conflicts of interest always exist between the welfare of the executive and the welfare of the firm.
Put aside the usual concerns about the conflicts of interest that many advisers face.
FORBES: Is Your Financial Adviser Guilty Of Financial Enabling?
Any guest speaker invited by the FDA must undergo screening for conflicts of interest.
FORBES: The FDA Responds To Steve Nissen's Criticism Of Upcoming Avandia Meeting
These articles describe some of the conflicts of interest involved in the pension consulting industry.
FORBES: Pension Consultant Conflicts of Interests (April 1, 2002 )
Chesapeake Energy after grueling months of revelations about self dealing, secret financings and conflicts of interest.
FORBES: Exclusive: Billionaire Harold Hamm Hits Back Against WSJ Allegations
The new law requires pension consultants and money managers to disclose conflicts of interest.
FORBES: Louisiana Mandating Consultant/Manager Disclosure (April 2, 2005)
Restrict the franchise to lessen conflicts of interest regarding state employees, lobbyists, contractors, etc.
FORBES: If On The Dole Why Do You Still Get To Go To The Poll?
The goal is to identify and quantify conflicts of interest that may be harmful to pensions.
FORBES: SEC Scrutiny of Pension Consultants: A Call To Action (February 28, 2004 )
These agencies concluded in 2005 that pension adviser conflicts of interest were pervasive and poorly disclosed.
FORBES: Louisiana Public Pension Legislative Initiative Failed to Provide Needed Protection
They allege wrongful termination and failure to disclose conflicts of interest involving analyst Jack Grubman.
Have you reviewed any potential conflicts of interest at Cliffwater, your hedge fund consultant?
FORBES: 22 Tough Questions For Rhode Island's Pension 'Reform' Treasurer
As always, readers should check my disclosure page for information about potential conflicts of interest.
While Spitzer railed against conflicts of interest, he may have had some of his own.
Knowing about the fees built into products also can help you spot potential conflicts of interest.
Barstein: There are issues involving conflicts of interest to which vendors to 401ks are subject.
Overly bullish analysts and conflicts of interest have been a problem in the securities industry.
Those of us in financial services are in the business of managing conflicts of interest.
FORBES: A Proposal For Managing Pension Consultants (September 1, 2000)
That scandal-ridden agency, rife with conflicts of interest, was notably lax in its performance.
Ironically, Wall Street's tradition business model--conflicts of interest and all--has strongly outperformed Schwab's recently.
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