Life Industry Reps Try to Speed Shape DOL Rollover Standards Draft
September 8, 2020 by Allison Bell
Officials at the Employee Benefits Security Administration (EBSA) clearly think they have heard from all of the usual investment advice standards interest groups about 5,000 times too often.
They struggled to squeeze all remaining public discussion of their new 401(k) plan rollover standards draft into one day of testimony, held Thursday. Phyllis Borzi, a former EBSA head, called the hearing “rushed and unfair.”