Planadvsier

Reg BI Could Make It Easier for B/Ds to Compete With Retirement Plan Advisers

By Lee Barney

Generally speaking, the new Regulation Best Interest (Reg BI) rulemaking package that the Securities and Exchange Commission voted to approve last week does not introduce new fiduciary responsibilities for those advisers controlling retirement plan assets. This is because the Employee Retirement Income Security Act (ERISA) already holds retirement plan advisers to high fiduciary standards, Amy Oullette, director of retirement services at Betterment for Business, tells PLANADVISER.

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This article originally published June 12th, 2019 on Planadvsier.

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