Here’s an inside look at what’s been making all those headlines the last few years, and maybe what might be making headlines in the next few years.
Tag "Blaine Aikin"
In the final analysis, we may get the best of both worlds, a reduced regulatory compliance burden with a market that imposes the fiduciary standard.
Aiken says “There is no turning back” on DOL’s Fiduciary Rule as its momentum is “unstoppable” and regulation is “a lagging indicator.”
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?
There’s no turning back. The cat is out of the bag. Regulators or not, the marketplace seems to have already made the decision to adopt the fiduciary standard.
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.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 11/16/12
Will retirees pay for Washington’s fiscal mismanagement? Has pinning the fiduciary onus on plan sponsors been the wrong approach all along? And more…