New political winds put investment advice regs on hold

April 2009
Employee Benefit News;4/1/2009, Vol. 23 Issue 4, p39
The article focuses on regulations issued for the provision of investment advice to participants in 401(k) plans and individual retirement accounts by an unbiased computer model and by financial services firms that act as fiduciaries. It is reported however, that the administration of U.S. President Barack Obama has held off implementation of the regulations for a reopened comment period. The regulations' compliance requirements being viewed as burdensome by some financial firms is also noted.


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