“Shouldn’t the Fiduciary Reg (“The Reg”) debate be about more than costs and workflow changes?”
The media coverage of the final release of the Fiduciary Regulation has been nothing short of extraordinary. Media outlets, law firms and service providers are providing daily interpretations of “The Reg” — how service providers should respond to it; what elements were missed or should be changed; calls for delays in implementation and estimates of the cost impacts and more.
The issue that has not received enough coverage (in my opinion) is how much impact The Reg will have on helping participants/investors achieve improved retirement outcomes. The story that follows refocused me on the “endgame” — Why we are involved in retirement industry in the first place. I can only hope that it does the same for others that read this blog.
Several weeks ago I attended a retirement party for a former boss that I had worked … Read More