Aiken says “There is no turning back” on DOL’s Fiduciary Rule as its momentum is “unstoppable” and regulation is “a lagging indicator.”
Discover why “fiduciary” is the last word you want to bring up to 401k plan sponsors.
What might surprise you the most is how easily the industry will adapt to the new fiduciary guidelines.
Investors who understand the fiduciary standard demand it, and practitioners who fail to embrace it will find themselves at an increasingly competitive disadvantage.
The SEC is asking “how do we constrain fiduciary” instead of the other way around.
Is the call for “harmonizing” the SEC and DOL versions of the fiduciary standard merely a ruse to thwart the entire effort?
I was sad when it was over. It was like saying goodbye to old friends. I wanted to stay and keep talking. Oh well, there’s always next year…
To the extent regulation improves efficiencies, there will always be winners and losers. Those who don’t benefit will always oppose the change.
What worked in the past might mislead today. Worse, it might not include everything it needs to include. Find out what’s still useful, what isn’t and what needs to be added.
Want to know some real, reliable and independent sources of 401k benchmarking data? Read on.
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