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The Consumer Federation of America (CFA) says opponents of a uniform fiduciary standard have provided no evidence that a uniform standard would increase the cost of investment services.
The American Society of Pension Professionals & Actuaries says federal agencies could ease burdens on retirement plan administrators by taking a more uniform approach to regulating plans’ electronic communications with participants.
Insurance agents and employers are breathing a sigh of relief that Congress has repealed a health care reform law provision that would have required employers to offer low-income employees so-called “free-choice” vouchers starting in 2014
Senior members of Congress, both Democrat and Republican, have signed letters calling for a delay or end to the Labor Department’s effort to rewrite the 5-part retirement plan fiduciary definition that deals with those who sell investment retirement accounts.
State insurance regulators delayed for at least four weeks action on a resolution that would support the demand by insurance agents for an exemption from the medical loss ratio (MLR) provision of the health care reform law.