The Future of National Retirement Policy (Panelist)

The industry is reeling from a downpour of fiduciary initiatives that are destined to change the way retirement plans business is consummated. While it appears that we are in the midst of major reform, we are not. When compared to retirement income adequacy, the current obsession with fees, transparency and conflicts seem far less important. The major issues are simple, coverage and savings rates. Other core issues include chronic underfunding, the future of Social Security, systemic fiduciary governance and the proper role of government. These building blocks are essential to workforce security and national retirement policy, something that does not currently exist. What should our national retirement policy be? Given human nature and political realities, what future changes are likely and/or unlikely? Equally as important, what should you do to prepare for these changes? Join the most influential people in the industry for a spark-generating debate on the future of national retirement policy and the subsequent impact on the retirement plans industry.


Segment One
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David Wray
President, Profit Sharing/401(k) Council
David L. Wray is the president of the Profit sharing/401k Council of America (PSCA), a national, non-profit association of companies that sponsor profit sharing and 401(k) plans for over 5 million employees. He is a nationally recognized authority on 401(k) and other defined-contribution plan issues and has testified before congressional committees, the Labor Department, the Treasury Department and at Internal Revenue Service hearings. David was the 2004 Chair of the Department of Labor's ERISA Advisory Council, which advises the Secretary of Labor on benefits issues, and was a member of the Certified Financial Planner Board of Standards Advisory Board. He is a member of the John Marshall Law School Center for Tax Law and Employee Benefits Advisory Board. He served as president from 1993 to 1996 of the International Association for Financial Participation (IAFP), a Paris based alliance of national organizations that promote the use of employee financial participation. He frequently speaks before trade groups, contributes to benefits publications and is widely quoted in the media. His book "Take Control with Your 401(k)", originally published in June 2002, was revised and re-released in December 2007.


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