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Instant Insights / Advising, Complying, Providing & Surviving in a SECURE Act World

What advisors, sponsors, and providers need to know about this game-changing retirement legislation.

Analysis

SECURE Act doesn’t insulate annuities in 401(k)s from a fiduciary standard

Some are concerned the new provider selection safe harbor will be abused.

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eyeglasses resting on dictionary with fiduciary duty defined

Passage of the SECURE Act brought long-awaited regulatory relief for champions of guaranteed income products in defined contribution plans.

A provision of the bill—the Fiduciary Safe Harbor for Selection of Lifetime Income Provider—amends an existing safe harbor plan sponsors could tap if they wanted to add an annuity to an investment menu.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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