12/26/2007: Disclosure Regs May Cut Revenue-Sharing Payments (Pensions & Investments)
Excerpt: "Defined contribution plan consultants who pocket revenue-sharing payments from mutual fund companies ultimately might see their fees slashed under a new Department of Labor proposed regulation, experts said. The proposed regulation would force consultants -- typically financial advisers who work for large brokerage firms and insurance companies and service the small- to midsize DC market -- to disclose these payments for the first time. Revenue-sharing payments can run as high as 50 basis points a year, sources said."
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