Fred Reish Quoted in Investment News

Los Angeles partner, Fred Reish was quoted in an article titled, "Next frontier for regulation: Rollovers into IRAs," in Investment News.

The next big area for regulatory development and risk management for advisers is here: rollovers out of retirement plans into individual retirement accounts.Such was the conclusion reached by a panel of legal experts March 23 at the National Association of Plan Advisors' annual 401(k) Summit in New Orleans.

"Because of the amount of money that's moving from 401(k)s to IRAs, regulators worry about conflicts of interest, higher retail prices and the impact on the sustainability of lifetime income," Fred said.

"Think a little in terms of type of disclosures of fees and services, [fiduciary] status," said Fred, referring to a fee disclosure regulation from the Labor Department that went into effect in 2012 and that spells out fee disclosures service providers must share with plan sponsors.