WASHINGTON BUREAU — Bradford Campbell, the former head of the Employee Benefits Security Administration (EBSA), says the U.S. Department of Labor should overhaul its retirement plan fiduciary definition proposal.
"This is a big issue," Campbell said today here at a seminar on pension risk that was organized by Federated Investors Inc., Pittsburgh (NYSE:FII), and Hartford Financial Services Group Inc., Hartford (NYSE:HIG).
Campbell, who was the assistant Labor secretary overseeing EBSA from 2007 to 2009, is now of counsel in the Washington office of Schiff Hardin L.L.P.
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