Opinion: Workers need Labor Department's fiduciary rule

08/16/2013 | Time.com

The Department of Labor's efforts to institute a rule setting a fiduciary standard for managers of employer-sponsored retirement funds have come under fire from Capitol Hill as well as the private sector. Critics argue that the rule would raise the cost of doing business for financial managers. However, the author of this article argues that Americans cannot afford to let these investment professionals operate without a fiduciary responsibility.

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