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Three Defined Contribution Rules Imperiled Because of Missed Deadline
Pensions & Investments
Dec. 22, 2008 Excerpt: Three key defined contribution proposed regulations could be in jeopardy because the Department of Labor failed to win White House approval far enough ahead of the change in presidential administrations, pension industry lobbyists and attorneys said. One regulation would set ground rules for providing investment advice to participants in DC plans. A second would detail the fee information that the plans are supposed to provide to plan participants, while the third would spell out the fee and compensation information that service providers have to provide to DC plan sponsors. MORE >> |
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