The following Op Ed was originally published in MorningConsult.com on February 9, 2016 and was written by: Kenneth E. Bentsen, Jr., President & CEO, SIFMA; Dale E. Brown, President & CEO, Financial Services Institute, Inc.; Kevin Mayeux, CEO, National Association of Insurance & Financial Advisors; Rob Nichols, President and CEO, American Bankers Association; Dirk A. Kempthorne, President & CEO, American Council of Life Insurers; Tim Pawlenty, President & CEO, Financial Services Roundtable; David Stertzer, CEO, The Association for Advanced Life Underwriting; Paul Schott Stevens, President & CEO, Investment Company Institute; Cathy Weatherford, President & CEO, Insured Retirement Institute.
A sweeping change that will hurt
Americans' ability to plan and save for retirement is on the agenda for
the U.S. Department of Labor. It's called the "fiduciary proposal," a
regulation that attempts to ensure Americans receive retirement security
advice that is in their best interests.
On close inspection, however, the regulation will inhibit Americans from receiving retirement security advice they need..... Read more...