There’s good news, and there’s bad news. The good news is that the U.S. retirement system “works beautifully when people are in it and use it.” The bad news: 57 million Americans – nearly half of the population – don’t have access to a retirement plan at work.
“What hasn’t changed?” This was the key question during a discussion between industry leaders about how the investment industry has changed over the past quarter century and what challenges lie ahead.
In a conversation that touched on most of the top-of-mind regulatory issues facing advisers Karen Barr pressed Gary Gensler to recognize the important role advisers play in the lives of their clients and the unintended consequences potentially flowing from the SEC’s departure from its longstanding principles-based approach to adviser regulation.
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