In a few days, consumers will enjoy enhanced protections under the Securities and Exchange Commission’s Regulation Best Interest (Reg BI). Reg BI imposes a heightened standard of conduct on financial professionals beginning June 30. Reg BI is the first step toward national, harmonized enhanced consumer protections for consumers seeking guaranteed lifetime income. Together with Form … Continue reading "Consumers Are Protected by Regulation Best Interest"
If you’re reading this, you have the ability to receive information through electronic media. You may be reading this on your smartphone or tablet. Have you checked your bank account or retirement account online this week? How many “apps” have you used today? According to the Pew Research Center, in 2019, 90% of U.S. adults use … Continue reading "E-Delivery for Retirement Plans is a Winner"
Too many Americans lack access to a workplace retirement savings plan. Open multiple employer plans (known as open MEPs) are one great solution to expanding retirement plan access. The concept is simple – let unrelated employers band together to offer a common retirement plan to their employees. MEPs are not a new concept. But they’re … Continue reading "An Opening for Open MEPS?"