12.12.2018 06.53 GMT+0000
In the absence of new regulatory support, employers need to use their power in the market to protect participants from conflicted service models.
Initiatives to provide participants with protection from conflicted service models frequently meet with resistance from…the financial industry. What can employers do?
Government initiatives aimed at protecting retirement plan participants from conflicted advice are often resisted -- and occasionally derailed -- by the financial services industry. Employers must understand that regulatory agencies are constrained and, rather than wait for regulatory protections employers must understand that they are in the best position to protect participants.
