Pennsylvania + Wall

Subnavigation

« Newsroom

 

Pennsylvania + Wall provides commentary on a broad range of current financial, economic and regulatory reform topics. The views expressed are those of the authors, and do not necessarily reflect the position of SIFMA.

January 04, 2016

Labor proposal limits choice: Opposing view

By Kenneth E. Bentsen, Jr.

Case against State-Run Retirement Plans for Private Sector The following Op Ed was originally published in USA Today on December 27, 2015.

 Saving for retirement should be easy, not hard. Unfortunately, a U.S. Department of Labor (DOL) proposal could make saving for retirement more difficult and costly, particularly for smaller investors.

The financial services industry has long supported enhancing the already extensive regulation of financial advice through the establishment of a uniform, best-interest standard for brokers and advisers providing retail advice, including congressional action in 2010 to have the Securities and Exchange Commission take the lead. Congress made clear that the standard should both protect investors and investor choice. Unfortunately, the DOL’s proposal runs counter to what Congress intended, and if enacted, it will limit advice and restrict choice.

Read full article on www.usatoday.com.

See Also:

Topics: Public Policy, Private Client

       1        


Join SIFMA

Learn How ›

Subscribe

Sign up for e-mail alerts:

First Name:

Last Name:

Email:


Enter ›

SIFMA Blog Sign-up by RSS feed

Contact

Katrina Cavalli
212.313.1181

 

Liz Pierce  

212.313.1173

 

Carol Danko
202.962.7390

Search Blog


Enter ›

Recent Posts

Topics

Post a Comment

We encourage you to submit comments, queries and suggestions on our blog entries. Comments must be relevant to the post, and contribute to a substantive and informed dialogue for our fellow blog readers. We will post them below the entry, subject to the following guidelines:

View Guidelines

+
  • Please be thoughtful: Comments must be relevant to the post.
  • Please be brief: Comments are limited to 1500 characters. 
  • Please be prompt: Comments submitted more than one week after the blog entry appears may not be posted. 
  • Please be on-topic and patient: Comments are moderated and will not appear until they have been reviewed to ensure that they are substantive and clearly related to the topic of the post. 

This is a community please treat others with respect.  Specifically, please refrain from comments that are:

  • self-promotional or commercial in nature;
  • investment advice, or mentions of individual stocks;
  • abusive, harassing, or threatening;
  • obscene or vulgar; or
  • as well as comments that constitute a personal attack.  

We reserve the right not to post a comment; no notice will be given regarding whether a submission will or will not be posted.

Please contact us directly if you have any questions or suggestions.
Kate Zickel
Michelle Vandamme
Jeana Zamanski

Blog Archive

Market Data

Featured