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Split with White House widens as Democratic lawmakers ask DOL to extend comment deadline on fiduciary rule

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More than two dozen Democratic lawmakers are asking the Labor Department to extend the comment period on a controversial rule that would raise investment advice standards for brokers working with retirement accounts.

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Why Labor Department Gets a Say on IRA Advice

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Individual retirement accounts are a creation of tax law, with rules spelled out by the Internal Revenue Service. Now the Labor Department, which oversees workplace retirement plans, is weighing in—proposing new rules for brokers and others giving advice about retirement savings.

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Supporters, Critics, Gear Up for Fight Over Proposed Expanded Fiduciary Definition

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Supporters and opponents of the Department of Labor's conflict-of-interest proposed regulation ramped up their campaigns soon after the Obama administration announced the rule's release.

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Major Groups Applaud Public Release of Dept. of Labor’s Proposal to Protect Americans’ Retirement Savings

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Members of the SaveOurRetirement.org coalition and a diverse collection of public interest groups, civil rights leaders, labor unions, professional organizations and others today commended the public release of the Department of Labor’s (DOL) proposed rule to p

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Obama puts weight behind push for fiduciary standard

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With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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DOL Fiduciary Re-Proposal Fires Up Foes, Supporters, as They Brace for Battle

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Opponents and supporters of the Department of Labor's fiduciary rule began gearing up for battle as soon as President Barack Obama said that he was throwing his support behind it.

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DC execs expecting big changes from Obama push on fiduciary standard

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With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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Got a pension? Act now to save it

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If you were among the 15.7 million private-sector workers with a traditional defined benefit pension plan in the U.S. in 2012, now might be good time to stop counting your blessings.

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Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule

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Take two. President Barack Obama today called on the Department of Labor to move forward with a proposed rulemaking to require retirement advisers to put their clients’ best interest before their own profits. It’s a rewrite of the dropped 2010 rewrite of the 40-year-old fiduciary rule. (The 2010 rewrite was withdrawn in 2011 amidst industry furor.)

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