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Fiduciary Rules and Practices

Transferring Fiduciary Functions

In an entry in The 457 Consulting Group’s blog, Justin M. Pisellini, President, and Joel G. Clousing, Chief Plan Consultant of The 457 Consulting Group, note that transferring fiduciary functions and duties does not mean that one therefore no longer has fiduciary responsibility. Similarly, simply not making decisions does not mean that one is not fiduciary. As long as one has the authority to make decisions, one is a fiduciary.