The advancement of President Trump’s nominee to serve as the Assistant Secretary of Labor for the Employee Benefits Security Administration might not grab mainstream media headlines, but it represents a key development for the retirement planning industry.
IRI’s basic argument is that empirical evidence shows the outsized role advisers and consultants play in boosting investing outcomes—and that these professionals should not face overly burdensome restrictions on the recommendations they make involving mutual funds and annuities.
The new fiduciary support solution aids retirement
specialist advisers and their clients in meeting the strenuous requirements of
ERISA and other investing and benefits laws—without getting in the way of the existing
Two executives focused on institutional retirement business at
Merrill Lynch sit down for a fiduciary chat, offering inside views of one major
advisory firm’s approach to navigating regulatory uncertainty.
When it comes to the possibility of a uniform advice standard for advisers and brokers coming from the SEC, one attorney argues “things are still very much in a wait-and-see mode,” despite increased chatter among lobbying organizations about the possibility.
The department believes an oversight bureau, created to assess the financial strength of annuity providers, would help employers and advisers become more comfortable including annuities in retirement plans.