Investment Products

CFA Opposes Defaulting Retirement Savers into Electronic Disclosure Systems

CFA sent a letter to the Department of Labor to express our opposition to the proposed new safe harbor that would allow employee benefit plans to default a huge swath of retirement savers into an entirely electronic disclosure system without their consent. The Department has failed to make the case that this proposal is needed or warranted. Moreover, specific elements of the proposal are likely to harm a significant number of retirement savers.