Relying on financial "experts" who purport to predict the future is insidious. Not only are they as likely to be wrong as right, but listening to them distracts investors from demanding long term, instructive historical data
Recently, I reviewed the investment options available in a mid-size 401(k) plan. There was one index fund in the mix, which the plan administrator proudly pointed out to me. It was the Dreyfus S&P 500 Index Fund.
Regulatory reform? Don't count on it. Real reform will only come by changing the habits of individual investors so they no longer play the role of victim in a process that is set up to separate them from their money.