“Plan sponsors feel over-regulated,” he says. “Anything added on is going to be viewed negatively and with suspicion. In this case, it’s not just more complexity, but a dramatic increase in premium outlays. You do wonder when the next regulatory burden will drive plan sponsors to say they’ve reached the end of their rope.”
Interesting comment.
It sounds like they want no control, but my money to pay for insurance if they bet wrong.
Sounds a bit like how we got into trouble with the banks doesn't it?