A host of journalists have already weighed in on the Obama administration's proposed 401(k) regulation.
The reg, revealed
Tuesday afternoon by U.S. Secretary of Labor Tom Perez
and key Obama advisor Jeff Zients
, would expand the scope of the "fiduciary" definition under ERISA, the 41-year-old federal law that governs qualified retirement plans like 401(k)s. The proposal would impact the IRA business, too.
Here's what's being written so far about the reg:
"Labor Department Proposes New 'Fiduciary Standard' Rules for Retirement Accounts"
, Chris Dieterich;
"Fiduciary rule elicits mixed reactions"
, Nick Thornton;
"New Rule Would Crack Down on How Brokers Handle Retirement Savings"
, Dave Michaels and Margaret Collins;
"DOL Issues Proposed Fiduciary Rule, 2015 Version"
, by Ashlea Ebeling;
"DOL Proposes Fiduciary Regulation"
, Fund Action
, Greg Iacurci;
"Will Advisors Go for DOL's Proposed Contracts?
, by Emile Hallez;
"Labor Department proposes controversial fiduciary rule"
, Mark Schoeff Jr.
"Reaction to retirement advisor conflict-of-interest rule is muted, but fight looms"
, the LA Times
, Dean Starkman;
"New rule holds retirement advisers to higher standard"
, Elizabeth O'Brien;
"How to Make Sure Your Retirement Adviser Is On Your Team"
, Penelope Wang;
"Memo to Industry: Get Behind Fiduciary Rule"
, Scott Cooley;
"DOL Issues 'Conflicted Advice' Proposal"
, John Iekel;
"U.S. Plans Stiffer Rules Protecting Retiree Cash"
, the New York Times
, Tara Siegel Bernard;
"Tougher Rules But Flexible Comp Under New Fiduciary Proposal"
, Andrew Welsch and Suleman Din;
"DOL's proposal for new fiduciary standard moves to comment period"
, Pensions & Investments
, Hazel Bradford;
"Fiduciary Wording Invokes Storm of Comments"
, Jill Cornfield;
"Broad Stokes of New Fiduciary Rule Outlined by DOL"
, John Manganaro;
"U.S. Labor Department unveils retirement brokers rule"
, Sarah Lynch and Suzanne Barlyn;
"U.S. Tightens Broker Standards for Retirement Advice"
, the Wall Street Journal
, by Andrew Ackerman; and
"Labor Department proposes new standards for brokers advising retirement savers"
, the Washington Post
, Jonnelle Marte.
Neil Anderson, Managing Editor
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