The move to shift the crafting of regulations underthe auspice of a political appointee comes as Labor is expected torelease an amended fiduciary rule this fall. (Photo: MikeScarcella/ALM)
(Update: A previous version of this storymistakenly reported the new position of Assistant Secretary forRegional Offices will be a politically appointed position. It willbe a career position.)
The Employee Benefits Security Administration, the arm of theLabor Department that oversees the regulation and enforcement ofabout 703,000 private sector retirement plans under the EmployeeRetirement Income Security Act, will undergo a significantreorganization to its top leadership, effective October 1 of thisyear.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
