This may be one case where competition does not improve the process. The TSP already has about the lowest ER (expense rates) than any mutual fund company including Vanguard and Fidelity. As I understand this various mutual funds lobbyed Congress to get this openned up because they wanted a piece of the action and the ER were TOO LOW! This could be a wolf in sheeps clothing.
If there is a real competition and the rates ERs stay where they are or go down a bit I will be pleased. I suppose Vanguard or Fidekity could bid and keep the ERs down But we will all have to keep an eye on this one as low ERs are a really significant of anyones retirement investing and especially in the TSP.
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