Skip to main content
In the News

One-Time Transactions and ERISA: Why Aren’t They Already Covered?

By Paul Mulholland October 11, 2024 National Association of Plan Advisors (NAPA) News

Leo Rydzewski, General Counsel for CFP Board, argues that one-time recommendations in retirement investing do entail trust and confidence because advisors “are helping them plan for the most significant elements of their life,” and they wouldn’t trust them with their retirement portfolios otherwise. Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board, adds that annuity sales and rollovers are “moments in an investor’s life that could be the biggest for them. This could be their life savings. They are in a moment of trust with this person.”

Read more at National Association of Plan Advisors (NAPA) News

National Association of Plan Advisors (NAPA) News
Paul Mulholland
October 11, 2024