Search
 

Don’t let government trample retirement business: Pawlenty

Financial Services Roundtable chairman Tim Pawlenty says advisors must explain Main Street view of finance before government threatens private retirement.

By Gil Weinrich | Updated on August 13, 2014
Tim Pawlenty on the presidential campaign trail in 2012. Photo: AP

An Obamacare equivalent that would do to retirement what we’ve seen in health care represents a potential “existential” threat to financial advisors, who need to actively lobby lawmakers in their districts.

So said Financial Services Roundtable Chairman Tim Pawlenty in an address this week to some 5,000 attendees of LPLFocus, the broker-dealer’s annual advisor conference in San Diego this week.   <!– Read More –>        

Proposals to have the government assume responsibility for workers’ retirement savings “are now under study at the state level, but could pose an existential threat to the kind of services you’re trying to provide,” said Pawlenty, whose Financial Services Roundtable is a lobbying organization representing the 100 largest integrated financial services companies, including LPL.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.