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Fiduciary

House Democrats urge caution on DOL fiduciary-duty rule

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A group of 30 House Democrats has warned Labor Secretary Thomas Perez that a pending rule that would raise investment advice standards for retirement-plan advisers could hurt investors with modest assets.

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Corporate pension execs wary of derisking fallout

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Corporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.

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This week’s other huge (but little-noticed) fight: Wall Street’s newest scheme

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While we're all distracted, a quiet battle this week could seriously affect your finances. Here's what's at stake

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An X-ray of one affluent, educated and sophisticated investor's portfolio shows how it was chewed up by fees

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Helping an ex-Fortune 500 retiree prepare for her appearance before Congress, the author waded through a mountain of paper only to discover that the woman was likely to outlive her portfolio.

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Labor secretary's job might be new, but his plate is full

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Thomas Perez, the new secretary of labor, will have little time to make an immediate imprint on retirement issues as he inherits the already packed regulatory agenda of the Employee Benefits Security Administration, including a controversial new fiduciary rule.

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Congress should protect investors, not undermine them

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In 1975, when the U.S. Department of Labor issued a rule defining who is an investment advisor under the Employee Retirement Income Security Act, the Vietnam War had just ended,  Steve Jobs was tinkering around his dad’s garage, and Angelina Jolie was barely in diapers.

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“Retail Investor Protection Act” Does Not Protect Investors: Coalition

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The controversial “Retail Investor Protection Act, recently introduced by Rep. Ann Wagner (R-MO), is gaining opposition from coalitions set on protecting investor interests.

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Baby Boomer Confidence Level Still Low On Retirement Security, IRI Survey Finds

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Many members of the baby boom generation continue to lack confidence in their retirement outlook, according to a survey released April 8 by the Insured Retirement Institute.

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401(k) rollover study triggers call for action

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A new Government Accountability Office report highlighting the pitfalls of rolling over 401(k) plan accounts is sparking demand for clearer procedures and stronger consumer protections from companies and the federal government.

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401(k) Plans: Labor and IRS Could Improve the Rollover Process for Participants

Publication

401(k) plan participants separating from their employers must decide what to do with their plan savings. Many roll over their plan savings to IRAs. As GAO previously reported, there concern that participants may be encouraged to choose rollovers to IRAs in lieu of options that could be more in their interests.

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