Tag: Individual Retirement Accounts
Abstract In 2010, the U.S. Department of Labor proposed changes that would eliminate third-party incentive payments, such as 12b-1 fees, that may encourage broker-dealers to sell high-fee mutual funds to Individual Retirement Account (IRA) customers. The investment industry argues that eliminating these fees could force broker-dealers to charge directly for advice, which could result in…
Introduction Many countries are discussing how to reform their pension systems in order to meet the demands of an aging society. A trend in these reform discussions is to introduce individual accounts as part of both public and occupational schemes. Sweden was an early mover in this process. In 1998, Sweden introduced a second tier…
