Labor gets an earful: 25 key moments from retirement advice hearings
January 3, 2024 by Tobias Salinger
Two days of panels with critics and supporters of the Department of Labor’s “retirement security rule” proposal displayed the widely diverging views of the potential new regulation.
Earlier this month, officials from the Labor Department’s Employee Benefits Security Administration engaged in spirited, substantive discussions with financial advisors, professional organizations, industry and consumer advocates and other stakeholders about its plans to change the Employee Retirement Income Security Act by expanding the fiduciary duty to more areas of advice around 401(k) plans, individual retirement account rollovers and other topics.
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