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The latest "Buzz from Washington" is out.
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So for this issue, I decided
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to focus on the topic that's getting all the buzz,
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alts in DC.
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Now, I will admit,
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adding alternatives to a DC plan
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may not be the most important
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thing that can be done to help secure better retirement for
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individuals,
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but research suggests it can have an impact.
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Plus it's just such an interesting topic from a regulatory
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perspective and a policy perspective
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because it impacts so many things about our system.
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The executive order that was kicked off in August,
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uh, really did not set new regulations.
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It instructed the Department of Labor and the SEC to further
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policies
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that supports the addition of alternatives in DC plans for
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those plan sponsors who feel it's prudent to add it to such
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plans.
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The Buzz also talks about litigation reform, some actions
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the Department of Labor has already taken, as well as how
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retirement income fits into this topic.
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I'm really interested also that we have a new EBSA chief.
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This is the person at the Department of Labor heading the
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agency focused on employee benefits.
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His name is Dan Aronowitz.
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He finally got confirmed and he has a really interesting
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background in fiduciary liability that should make him
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pretty adept at addressing some of these issues.
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You can go to pgim.com,
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check out the latest Buzz,
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and I appreciate you watching this video.
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Thanks.
