Both of these agencies (Treasury and DOL) continue to attempt to support this process, using their existing regulatory authority. Though there are a number of things which probably need legislative action in order to really make guaranteed lifetime income readily available, there are still a few things regulators may want to consider doing to help it all along
Continue Reading Suggestions for Regulatory Next Steps to Accommodate DC Annuities
September 2012
The Reasonableness of Fees in Retirement Products
By Robert Toth on
Posted in Complex Prohibited Transactions
In short, a retirement plan product is really a package of financial and administrative services. This knowledge is especially important when one is tasked with understanding the reasonableness of fees related to retirement products and services. Purchasing investments through a defined contribution plan is so different than an individual making purchases for their own personal account, and it is horribly misleading to suggest otherwise.
Continue Reading The Reasonableness of Fees in Retirement Products