During the 15-minute segment, host John Oliver will focus on how the retail investing experience is a bit confusing for the average investor. Mr. Oliver focused on the difficulties that his production company, named Avalon, had with finding a 401(k) plan that had low costs for employees, and detailed fees charged by John Hancock and an unnamed broker in the initial 401(k) proposal the company received.
Your correspondent was in the studio audience for the taping this Sunday afternoon in New York City.
- * A breakdown of total fees over 2% in a John Hancock 401(k) plan offered to employees
* A detailing of unconvincing arguments from an unnamed broker who was receiving 1% and then 0.5% fees from the 401(k) plan
* A discussion of low-cost index funds, and a mention of Vanguard as a good mutual fund provider
* An excerpt from an interview with Jason Zweig, in which Mr. Zweig mentions that active fund managers often own index funds themselves
* Coverage of a new Department of Labor rule that holds advisors to a fiduciary standard
* Common-sense advice to start investing early, to look for low-cost options, and to look for fiduciary advisors
EDIT: here is a link to the segment, posted by the show: https://m.youtube.com/watch?v=gvZSpET11ZY . Language may not be suitable for all audiences.