Resource Tag: Department of Labor
Proposed Rule on Conflicts of Interest in Investment Advice (November 2015)
The Pension Rights Center submitted comments to the Department of Labor (DOL) and testified at a hearing in support of the department’s proposed revision of the definition of “fiduciary.” The proposed definition describes the circumstances under which a financial adviser becomes a fiduciary and must give advice in the best interest of the customer, avoiding […]
Investment Advisers: Who Are They and Why Does It Matter?
The universe of financial advisers can be very confusing. People who give financial advice use many different labels, including investment adviser investment manager asset manager broker financial planner financial consultant financial adviser certified financial planner With such a variety of titles, it can be difficult to know which legal standards – if any – apply […]
Lost Pension Plan Registries in the U.K. and Australia
In the United States, many retirees face great difficulties in locating their former employers in order to apply for a pension to which they are entitled. At the same time, pension plans have trouble locating prospective pensioners with whom they have lost contact. The problem of lost pensions and lost pensioners was also prevalent in […]