Definition of the Term ‘‘Fiduciary’’
Date Published:
Thu, 02/03/2011 (All day) The Department of Labor has proposed a regulation expanding the definition of the term "fiduciary". These regulations define when someone giving investment advice to participants in a 401(k) (or to the people running the plan) must act only in the interests of the participants in the plan, and not in their own self-interest.
Read the Center's blog entry and comments on this proposed regulation. Following the testimony of Norman Stein before the Department of Labor about the importance of expanding the definition of the term, the Center submitted supplemental comments on the proposed rule.
A Consumer Agenda for Retirement Security
Learn about PRC's recommendations for improving and expanding the nation's retirement income system. Read our Consumer Agenda for Retirement Security.
Retirement USA
Retirement USA is a national initiative that is working for a new retirement system that, along with Social Security, will provide universal, secure, and adequate income for future retirees. Visit the website.
