Our daily roundup of retirement news your clients may be thinking about.

401(k) reform: A modest proposal After the midterm elections, both sides have said they want to increase the cooperation within Congress, and in that spirit lawmakers may consider changes to improve employer-sponsored defined-contribution investment plans, writes John Rekenthaler, Morningstar's vice president of research.  The “relatively nonpartisan topic of retirement income” could help both sides with voters, he reasons. He proposes changing 401(k) plans by scrapping the fiduciary burden on employers and expanding the plans to include all workers. The proposal would lead to reduced costs for companies and more workers with retirement coverage, Rekenthaler says. -- Morningstar

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access