Fiduciary Risk

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Fiduciary Risk

The risk that an agent handling funds on behalf of a principal will not live up to his/her full fiduciary responsibility. That is, fiduciary risk is the possibility that an agent will not act in the client's best interest. This does not necessarily include foul play or fraud. It could simply mean that the agent is not handling the client's funds in the best possible way.
References in periodicals archive ?
Defined benefit plans require specialized expertise in managing fiduciary risks and efficiently administering the plan.
Shareholders' Equity protects PSIAs only for fiduciary risks where the loss in value results from a bank's own negligence, errors or fraud.
As a privately held company we have continuously made investments in solutions that enable clients to realize tremendous cost savings through automated technology and reduce business and fiduciary risks.
53% are concerned about new fiduciary risks because of the volatility of the financial markets, down from 67% last year.
Are more concerned about the fiduciary risks 59% of DC plans than they were a year ago.
This is a spurious argument given that Islamic banking has risks which are unique to it including fiduciary risks and Shariah compliance risks.
While it seems new fiduciary risks are reported every quarter, the following identifies three emerging areas of concern.
There is some confusion about the type of liability insurance needed to address fiduciary risks even among insurance professionals.
As fiduciary risks increase, underwriters intimate coverages are underpriced and are moving to hike premiums.
Retirement Link clients are supported by a dedicated team that is led by an experienced relationship manager who, along with M Financial's Member Firms, will apply our best thinking to help plan sponsors mitigate fiduciary risks, ease their administrative burdens, and drive better plan and participant retirement outcomes," said Julia Bates, Head of Individual and Business Retirement at J.
68% of DC plan sponsors are concerned about new fiduciary risks given the volatility of the financial markets, up from 46% in last year's survey.