NEW ORLEANS – A quartet of esteemed esquires concluded during the closing panel of the first day of the NAPA 401(k) Summit 2014 Sunday that the retirement business is on the verge of seismic change.
The evolving nature of fiduciary responsibility, the impact of the Patient Protection and Affordable Care Act on retirement and the likelihood of upcoming DOL regulations that will require employers to inform workers of the financial requirements of a sound retirement will conspire to create a retirement landscape very different from the one currently in place.
"We are at an inflection point," said Marsha S. Wagner, president and founder of The Wagner Law Group, a thought echoed by Douglas Fisher, senior vice president of policy development, Fidelity Investments.
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