With regulatory reform bringing a wave of changes to defined contribution plans, advisers need to be even more conversant in the ins and outs of legislative requirements and other complexities. Which is why BlackRock is beefing up its commitment to advisors who work with these retirement plans.
“It’s a changing environment out there,” said Joseph P. Lee, director and head of adviser-sold DC distribution with BlackRock's U.S. defined contribution team. “With increased scrutiny comes increases risk. And when you have increased risk, you need someone who’s a specialist to mitigate that risk.”