The bank channel seems to have collectively breathed a sigh of relief after the new fiduciary rule was passed, but there are still more questions than answers. That was the main takeaway from our recent Retirement Income Leadership Forum. I have to wonder, though, just how justified that sigh of relief is.

Regulatory pressure on fiduciary behavior will likely continue to ratchet up, especially given the fact that the SEC Chairwoman Mary Jo White has repeatedly said such a rule is a top priority for the commission. Also, media pressure and public sentiment will likely also push this agenda forward.

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