Wednesday, August 12, 2009

Ignites, July 30, 2009

Scott Revare’s article, Why 401(k) Advice Reform May Boost Funds, appeared on this subscription-only, mutual fund industry news service. Revare discusses the pending federal legislation regarding advisory services for 401(k) plan participants and plan sponsors. Research shows that few 401(k) participants really understand how to effectively monitor and manage their plan investments. An advice-focused initiative from the government could really help participants and serve to make them more active participants in their plans. While new legislation might initially make things tougher on mutual fund companies, it could ultimately create circumstances that will increase their asset inflows.

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