Letter to the Editor: California’s Retirement Plan (As published in the New York Times on August 26, 2016) To the Editor: You say California will provide a state-run “secure choice” retirement plan for private-sector workers with “fees that are both low and transparent” (“ From...
Secure Choice Is Risky for Workers and for the State By Paul Schott Stevens (As published in the Sacramento Bee, August 16, 2016) Millions of Americans save for retirement using employer-sponsored plans that offer tax advantages and excellent investment options. Even so, there may be...
ETFs Boost Liquidity in Times of Financial Stress (As published in Investment News, August 7, 2016) Do exchange-traded funds offer an illusion of liquidity? The notion persists among critics—and even some regulators. Yet these assertions fly in the face of facts, as proponents of this...
ETFs Boost Liquidity in Times of Financial Stress By Paul Schott Stevens (As published in InvestmentNews , August 7, 2016) Do exchange-traded funds (ETFs) offer an illusion of liquidity? The notion persists among critics—and even some regulators. Yet these assertions fly in the face...
Guest Viewpoint: Dan Waters, ICI Global By Dan Waters (As published in Investments & Pensions Europe, July 2016) ‘Easier, cheaper fund distribution would help build stronger capital markets.’ Europe is facing two related and urgent needs: bolstering economic growth and providing its...
A MetLife Victory Won't Solve FSOC's Biggest Problems By Paul Schott Stevens (As published in American Banker , June 13, 2016) On June 16, the Financial Stability Oversight Council is due to file arguments on why the federal courts should uphold the council's designation of MetLife as...
State-Run Retirement? Better to Go Private By Paul Schott Stevens (As published in the Wall Street Journal , February 7, 2016) More than 50 million workers—most working for small businesses— lack coverage under employer-based retirement plans. They need greater access to these private...
Beyond the Idea Stage By Dan Waters (As published in Funds Europe, 21 December, 2015) A global transformation is underway in finance. Governments across the world are increasingly asking, ‘How can we allocate capital more efficiently, stimulate economic growth, diversify our sources...
Flawed Regulatory Impact Analysis Caused Labor Department to Miss the Mark with Fiduciary Rule By Brian Reid (As published in Investment News , August 12, 2015) Testifying last month about the Department of Labor's proposed rule to redefine what types of interactions in the retirement...
DOL’s Fiduciary Rule: There’s Still Time to Get It Right By David Blass (As published in The Hill’s Congress Blog on August 7, 2015) The intense debate over efforts by the Department of Labor (DOL) to implement a fiduciary standard for investment advice in the retirement market...
