Tag: 401(k) plans|Department of Labor|Fiduciary|IRAs|Regulation
Pension Rights Center Applauds Release of Rule Protecting Investors from Conflicted Investment Advice
WASHINGTON – The Pension Rights Center applauds the U.S. Department of Labor for finalizing an important regulation to help ensure that financial advisers and brokers who give advice on investments in 401(k) plans and IRAs do so in the best interests of their clients. The Labor Department estimates that American families lose as much as […]
As Brokers Cheer, Advisers Sound Off on DOL 401k Fiduciary Capitulation
Chances are, very few 401k plan sponsors and precious few 401k plan participants even noticed the recent goings-on at the DOL and how they just lost valuable protection so big brokers could line their pin-striped pockets with a big chunk of somebody else’s retirement assets.