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Labor Department Weighs New Definition of Fiduciary

March 31, 2011
Related Topics: Retiree Health Care, Retirement/Pensions, Finance/Taxes, Benefit Design and Communication, Retirement Planning, Featured Article, Benefits
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For the first time in 35 years, Labor Department officials are exploring whether they should change the definition of ‘fiduciary’. The agency wants to make the change so it can better protect the rights of participants, but the benefits community doesn’t see it that way.
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