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 More statist bullshit: Biden task force: Protect retirement savings by regulating 401k advice

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More statist bullshit: Biden task force: Protect retirement savings by regulating 401k advice Vide
PostSubject: More statist bullshit: Biden task force: Protect retirement savings by regulating 401k advice   More statist bullshit: Biden task force: Protect retirement savings by regulating 401k advice Icon_minitimeSun Feb 28, 2010 4:22 am
A White House task force led by Vice President Joe Biden has proposed new rules to reduce the risk that Americans get bad advice on retirement planning.

This proposal would allow financial institutions to give workers investment advice only if they follow one of two customer-protection practices:

1) The advisers do not get extra compensation for steering workers into choices that are more profitable for financial firms, with high fees and expenses.

2) The advice is based on a computer model certified as objective by an independent expert.

http://www.csmonitor.com/Money/new-economy/2010/0226/Biden-task-force-Protect-retirement-savings-by-regulating-401k-advice

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