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Consumer Groups, AARP Call House Pension Reform Bill Too Weak
San Francisco Chronicle
Apr. 12, 2002 Excerpt: AARP opposed the Boehner bill mainly because it would let employers hire the same company that administers its retirement plan to give participants investment advice.... Opponents say the bill would unleash conflicts of interest. They say administrators could push their own investment products over competing ones that may be cheaper, better or more suitable. MORE >> |
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