Fee Disclosure Predictions 2

July 9, 2012 at 6:22 am Leave a comment

There has been a lot of discussion within the industry about what will happen with the expected fee disclosures.  I recently read an article on Businessweek.com located at http://www.businessweek.com/ap/2012-07-05/news-summary-new-401-k-fee-disclosures-coming.   This article made me wonder.  Are we likely to see additions to the disclosures in the future?  Could participants and plan sponsors appreciate the added transparency so much that the  DOL would require additional information be made available?  As the article points out, a single number will not be required of expenses actually paid by the investor.  Not a surprise since the disclosures are prospective.  However, the other deficiency pointed out by The Associated Press in the article noted that fees are not compared to another fee benchmark.  It would be a rather arduous task to arrive at an agreed upon benchmark, but I wonder if individuals might find the information useful and demand the addition.  It will be fascinating to see in the upcoming months if such requests are made!

Thanks for reading and have a wonderful day!   Please be sure to subscribe to my blog and follow me on twitter @ChristineGurney.

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Entry filed under: Ethics, Pension Reform, Retirement. Tags: , , , , , , , , , .

Fee Disclosure Expectations Pension Benefits Not to Cut

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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