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The USA’s DC system with Mark Iwry
Manage episode 467812323 series 3402587
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In this episode, the Godfather of auto-enrolment, Mark Iwry, tells us the story of how it was introduced in the USA. We peek inside the doors of the US government and find out how Mark and his colleagues helped employers to shape both their investment strategies and the wider DC system.
The US’ auto-enrolment journey wasn’t without its tricky moments. Mark tells us of a memorable encounter with the police, and why Bill Clinton still owes him $75.
We also find out how the US’ experience of auto-enrolment influenced the UK’s direction of travel – and the lessons Mark passed on to the DWP. Why does Mark think the UK improved on the US’ version of auto-enrolment? With the benefit of hindsight, Mark tells us what he’d go back in a time machine to change. We also find out what advice he would give to other regulators about building a great DC system.
Finally, we explore how the US is faring on its journey to introduce more alternative and non-traditional investments into its DC system.
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