401(k) Specialist Podcast

Jason Berkowitz


Listen Later

IRI’s Jason Berkowitz: Why Biden’s Fiduciary Rule Gets it Wrong

While the American Retirement Association is among those saying “fair” when it comes to the Department of Labor’s new proposed retirement security rule released last week that seeks to update the definition of an investment advice fiduciary under ERISA, many insurance-based organizations are crying “foul” over the controversial proposal, arguing that it imposes unnecessary regulatory burdens on investment advice.

In the interest of learning more about the reasons behind annuity advocate opposition to the proposal, we invited Jason Berkowitz, Chief Legal and Regulatory Affairs Officer at the Insured Retirement Institute, to share the chief concerns his organization has with the proposal, and President Joe Biden’s unflattering characterization of the insured retirement industry and its products during remarks made at the White House last week.

Berkowitz talks about potential implications to the five-part test, PTE 2020-02 and PTE 84-24 in addition to voicing concerns about the proposal pushing many more financial professionals into the realm of ERISA fiduciaries. He leads industry efforts on major regulatory initiatives applicable to the lifetime income industry and is the primary author of IRI’s comment letters regarding various regulatory proposals.

...more
View all episodesView all episodes
Download on the App Store

401(k) Specialist PodcastBy 401(k) Specialist Magazine

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

23 ratings


More shows like 401(k) Specialist Podcast

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

38,935 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,197 Listeners

Notes on the Week Ahead by Dr. David Kelly

Notes on the Week Ahead

193 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,377 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,992 Listeners

The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

The Retirement and IRA Show

748 Listeners

401(k) Roundtable by Rick Unser

401(k) Roundtable

77 Listeners

Ramsey Everyday Millionaires by Ramsey Network

Ramsey Everyday Millionaires

3,679 Listeners

Big Picture Retirement® by Devin Carroll, CFP® & John Ross, JD

Big Picture Retirement®

530 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,078 Listeners

The Long View by Morningstar

The Long View

884 Listeners

Simple, but Not Easy by Morningstar

Simple, but Not Easy

82 Listeners

Kitces and Carl - Real Talk for Real Financial Advisors by Michael Kitces, MSFS, MTAX, CFP and Carl Richards, CFP

Kitces and Carl - Real Talk for Real Financial Advisors

243 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,307 Listeners

Ask The Compound by The Compound

Ask The Compound

319 Listeners