Retirement disclosure presents challenges, Opportunities
Employee Benefit Adviser, August, 2008 by Molly Bernhart
New retirement rules are in the works that would affect retirement plan advisers. With changes rolling though Congress, the Department of Labor and the Securities and Exchange Commission the question isn't "if" it's "when" changes will occur. It seems all changes are directed at more disclosure on the part of advisers.
"We're moving from an environment where many service providers and many advisers did not see themselves as serving in a fiduciary capacity. And plan sponsors have been awakened to the fact - through conversations in Congress, as well as the DOL's very targeted communications - that there are fiduciary roles associated with these retirement plans," says Steff Chalk, founder of Chalk Advisory, a fiduciary and retirement consulting group.
What Chalk...
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