Some six months after the implementation of the first round of plan sponsor-level fee disclosure regulations, many in the retirement industry are feeling a little like we all did after Y2K – a massive build-up to nothing in particular.
But according to a panel of experts gathered at the FRA's DCIO Market conference in Boston, retirement advisors and plan sponsors may start to see more tangible results to the regulations in the coming year.
"Act 1 of fee disclosure was 'Much Ado About Nothing,'" noted Phyllis Klein, senior director of Captrust Financial Advisors' consulting research group. "Acts 2 and 3 may be 'Kill All the Lawyers.' We're just in a bit of a honeymoon period for now, but the legal community will start peeling away that onion soon enough."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
