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CSPAN3 Politics And Public Policy Today June 22, 2024

Other sister agency. Its a meritorious move. You said is, quote, good people operating in a flawed system. Would you explain that . Sure. There is a misalignment between the incentives that a person giving advice has and the best interest of the consumer. So, for instance, again, getting back to the tofels, if you have four or five different products under the current suitability rule that are suitable and product the first product, the variable annuity generates 26,000 a year in fees and another product, which would have a comparable return has a fraction of those fees, you have per verse incentive to steer them to the product that generates the most fees. And again, that is totally permissible so im not casting aspersions on the person that does it. Im saying thats not right. And we can device a system and i underscore what i said in my testimony, theres a substantial number of people, including one of the witnesses who will come up on the next panel, that operate under a fiduciary m ....

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Nicole Cervi-McKeever Joins Rebalance as Director of Retirement Services Continuing Firm's Rapid Growth in the Small Business Retirement Savings Marketplace

Nicole Cervi-McKeever Joins Rebalance as Director of Retirement Services Continuing Firm's Rapid Growth in the Small Business Retirement Savings Marketplace
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