Labor Department fee guide rule is opposed by advisor groups, Chamber of Commerce

05/16/2014 | Employee Benefit News

Advisor groups and the U.S. Chamber of Commerce have criticized a proposed Department of Labor rule that would require insurance companies and some advisors to provide a fee guide to retirement plan fiduciaries. The requirement shouldn't be in effect until testing in focus groups demonstrates a need for such guides, the organizations said in a letter to the department.

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