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Former EBSA Secretary Raises Questions on Fiduciary Definition Change
PLANSPONSOR; free registration may be required Link to more items from this source
Oct. 22, 2010
Excerpt: Calling the proposal a 'bull-in-a-china-shop' approach, Bradford P. Campbell, now an attorney with Schiff Hardin LLP, told PLANSPONSOR: 'The undisclosed conflicts DoL cites as justification for the proposal already are prohibited by the new 408(b)(2) regulation. It seems premature to turn a sweeping new class of service providers into ERISA fiduciaries when the new disclosure rules addressing the root of the problem haven't even had a chance to go into effect yet.'

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