Fiduciary Rule Grilled on Capitol Hill

Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s fiduciary redefinition effort.

Both supporters and detractors of the fiduciary rule believe individual investors and retirement savers need additional protections—they just disagree about who participants need protection from.

That much is clear following a contentious hearing called before the Republican-controlled House Committee on Education and the Workforce, to discuss the DOL’s new fiduciary rule language.

Read more from PlanAdviser here


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